Top-down analysis
1. Price reached the Monthly Resistance
2. Last week rejected strong the Resistance
3. On Daily, the price closed above the structural zone of daily which potentially could go up for a short term.
4. 30M Potential head and shoulder which could become bearish but if the price broke above it, we could go long and price target is 123.200
I recommend to wait for more whether the price will break above or below
1. Price reached the Monthly Resistance
2. Last week rejected strong the Resistance
3. On Daily, the price closed above the structural zone of daily which potentially could go up for a short term.
4. 30M Potential head and shoulder which could become bearish but if the price broke above it, we could go long and price target is 123.200
I recommend to wait for more whether the price will break above or below