Shorting Pair at 0.382 Retracement from previous high which falls on Monthly Support level 1.00. Looking a downside targets of 9.733 to break trend line and hit 1.272 Extension level. i can see this pair going even lower to Weekly Key Level 0.96.
1. Generally in a Downwards Trend
2. 786 Retracement from previous highs indicates trend continuation
3. Head and Shoulders on the Weekly Timeframe as well as daily, again showing potential downtrend
3. I believe there has been a false breakout on Monthly Resistance
Many Reasons i believe this pair will continue on the upwards trend.
- Impulse leg forming a flag, if we breakout of the flag then bulls will take over and push price up.
- Possible inverted head and shoulders pattern, if neckline is broken then we will see yet again another rally in price upwards.
- Key Daily Support Levels are being tested, and i believe we...