Overall daily trend is down even though market is carving out higher lows and high highs indicating potential change in trend.
Market is currently testing the resistance zone around 0.9150. In fact it has broken above this level today with a gap up during the Asian session trading but have to wait until the close of the daily candle to see whether it has successfully close above it.
We can also see a bearish bat pattern is nearing completion around the identified sell zone. Plan to short pending price action confirmation.
Market is currently testing the resistance zone around 0.9150. In fact it has broken above this level today with a gap up during the Asian session trading but have to wait until the close of the daily candle to see whether it has successfully close above it.
We can also see a bearish bat pattern is nearing completion around the identified sell zone. Plan to short pending price action confirmation.
