Price complete bullish cypher on the daily timeframe,
on the smaller timeframe price break channel and make a bullish pennant as the continuation pattern.
will anticipate potential inverted head and shoulders for this pair, we have RSI Bullish divergent.
entry on the right shoulder will be a choice
targeting potential shark pattern.
1st target previous high, stop below head
price looks stuck in the support level and create an inverted head and shoulders pattern.
price potentially pullback to the neckline area.
if price really pullback to the neckline, we can consider to short it again.
Buy if only price break red area, wait for pullback again to to buy.
RSI give us bullish divergent.
targeting struture resistance above.
stop below previous low
Price rejected at 38.2 level which also structure resistant.
we have 3 rejection daily candle on this level.
we can consider to short this pair.
stop above rejection candle
