Double confirmation, type 1 close on the baseline TL and type 1 close on the minor TL
Retest and fibonacci rejection at the same price, targeting the 161.8% fib level.
Possibly the last bullish move before the pair falls
Bullish continuation pattern along with a fibonacci rejection promising a bullish move
The pair is in a downtrend. So it is expected that price will hit and be repelled by the trendline above and reverse back to support trendline as it continues on it's course to support below.
The pair is in a breakout zone where to continue moving, it will be forced to decide to breakout either up or down.
The pair is in a zone where it will be forced to decide whether to break downwards or through the downward trendline and rise to resistance.
Price appears to be in a retracement, and we are looking to sell once it closes below one of the fibonacci retracement levels
Price appears to be in a retracement, and we are looking to sell once it closes below one of the fibonacci retracement levels.