there has been stagnation at the resistance area starting at around 0.86800. The market has tried to push through with no luck. A short looks like a very favourable option for a quick win.
Need to be wary as it is a uptrend, however, short looks likely due to: - Hanging man candle stick pattern formed - Looks to be completing a 1,2,3,4,5 Elliot wave pattern.
I'm currently in at 0.86403
Comentarios
PA-FX
⋅
Yes, the reversal is very possible here, and this how i see it.
For me a double top on would be much better R:R rtio.
For me a double top on would be much better R:R rtio.