Watching this pairs for reversal setup 9-March-2017
This pairs been going wild 10 days non stop rising. Taking the level from Weekly Chart, around 1.5351 is an resistance level.
Planning to short it down to 1.5167 from around 1.5351 if this resistance level is respected.
Confirmation of closed candle development from lower timeframe is needed.
I will keep an eye on it
Planning to short it down to 1.5167 from around 1.5351 if this resistance level is respected.
Confirmation of closed candle development from lower timeframe is needed.
I will keep an eye on it
Now the price is hitting resistance level. Since this Uptrend is so wild, I would need to wait until on 1HR chart to see a lower high and tilting with the ema to have confident that it is truly turning around.
Keep an eye on further development.