Anticipating a pullback to 1.78900 if price rejects at 1.78000 support zone. After that, anticipating bearish momentum to weekly support zone (1.74500).
Anticipate bearish rally. Using lower time frame (H1) for signal to entry.
Anticipating bullish move to key supply zone. Waiting for signal on lower Tf to enter.
Double top formation at key resistance zone in descending triangle. Short to key support zone using 50.0 & 61.8 fib level as support (double confluence)
Weekly prediction: Double bottom formation at support zone supported by 61.8 Fibonnacci level then a bullish move to resistance zone
planning to go long to resistance zone then short to Fibonacci retracement level (50.0 or 61.8)
Potential short if bearish candle closes below 134.183 level
Potential Long position if price tests support band and bullish signal for entry is seen. Price has been ranging (consolidating) in a descending channel (200 MA crossing through it).
Potential short if price tests resistance zone Take profit at 1.08183
Directional bias: downtrend Double top testing resistance zone. Potential test of trend line & resistance level (118.104) then a bearish rally is anticipated to 116.632