I've listed these areas (red) which managed to keep testing the resistance line twice and has worked because price has immediately feel short and dropped quite a bit after each retest.
There is a lot of support as well which rallied the price up but I am confident that it will rally back down.
Looking to short this Sunday evening GMT.
Thank you guys and keep...
Downtrend line shows reactions at 1.11 level sending price to 1.098 level which is normally support that is being tested. If the 1.098 level i would wait to the 1.092 level where bullish market intercepts.
If the above points don't work out i would wait to the weekly low of 1.085 and definitely buy. If 1.99 level remains solid and resists it would be a good entry.
Medium 17.6 week cycle shows a low 13/9/16 and 10/1/17. If the orange uptrend gives way then we have targets at 17850 or 17100 (preferred). Long term 17.6 year stock market cycle is looking to turn mega bullish in 2017 until 2035. Worst case is 15200.