On this chart, we have two possible sell zones.
We are not sure which of the zones will push the price to the potential profit target. What we should note is both of these zones have different characters.
SZ 1 breaks the low point created by SZ 2, while SZ 2 has nice momentum down after it reaches 1.13600 area.
I will look for a candle reversal pattern at both zones in a lower time frame.
Whatever happens, I expect the price to react at both levels to give us some profits even if we don't reach the projected profit levels.
We are not sure which of the zones will push the price to the potential profit target. What we should note is both of these zones have different characters.
SZ 1 breaks the low point created by SZ 2, while SZ 2 has nice momentum down after it reaches 1.13600 area.
I will look for a candle reversal pattern at both zones in a lower time frame.
Whatever happens, I expect the price to react at both levels to give us some profits even if we don't reach the projected profit levels.