Short from resistance to lower trend line 240
Wait until the right shoulder hit resistance at 138.645 then Sell, SL - 139.000, TP - 136.520, I am not a signal provider. This is just my idea
If the price breaks the descending resistance line then its a strong long signal
Head and shoulders with in the channel. Could either buy now - TP - 0.67111. SL - 0.65688 Or wait and until the right shoulder has completed and buy on the bottom of the channel. Buy 0.66139, TP 0.68429, SL 0.65855
What do you guys think, now the channel has been broken the bears will pull back hard or the resistance will be strong enough to bounce the price action back Long?
When the price reaches the upper resistance I predict a Elliot correction wave will kick in back to the lower band of support.
This is my 1st chart so let me know what you think. It's simple but I think it looks like a strong possibility BUY - 0.8703 SL - 0.86615 TP - 0.88697