In the overall big picture price is in a downtrend, with price getting back to the zone of the downtrend line holding since 2015. We've this ascending wedge to think about, which we've a push above for price to get rejected from a double top resistance zone with several touches and rejections off the zone since 2019.. I'm expecting price to sell to the 1.2935 zone, if we see rejection that will set price higher targeting 1.3200, a break above will set price much higher.
While a break below 1.2935 will set price lower to 1.2650 area as target to start with.
It worth to know that we've a pinbar daily close on the zone of the downtrend line holding 2015. and also the ascending wedge to think about.
While a break below 1.2935 will set price lower to 1.2650 area as target to start with.
It worth to know that we've a pinbar daily close on the zone of the downtrend line holding 2015. and also the ascending wedge to think about.