Here is a promising setup, this pair is at resistance on all time frames. Been keeping my eye on it and it looks ready for a drop. This is not a financial advice but an idea for educational purposes.
After a long bearish continuation we have started to see a bullish buildup and having broken the neckline it looks like bulls are taking full control of this asset. Kindly note that this is just a trading idea and not a signal. Opinion welcome.
This pair consolidated as highlighted in a box on the left side of the chart, it then broke out and dropped sharply. After that if formed a bullish build up and came back to retest the broken zone three times failing to break above. After forming a triple top on 4h timeframe we expect the market to sell to atleast the tested zone below, which will be our take...
Hey guys this is my idea of what is going to happen to this pair going forward. Kindly note that I could be wrong but the structure is correct, its a double top with retests showing clearly what the market is intending to do.