pair broke an up trendline
in October that has supported price since April. Once it was broken, price continued falling till the next support level
, marked by Fibonacci Retracement
, and has, since that, realized a pullback until reaching the broken trendline
, now as a resistance. The pullback appears to have ended, since it stopped just on the Fib. Retracement level and trendline
level, and price formed a shooting star candlestick
pattern. All of them, reversal signals. We can bet on a short to a 77.5 target, reaching the last minimum.