Possible triple bottom/Head and shoulders on UC to occur by the end of the day. Since the breakout to 1.46 on the 18th/19 of march, buyers have had less and less power, shown by the lower and lower highs. if price reverses off the resistance area at 1.385 then its likely price will be pushed up lower than before. We might then see price squeezing before a breakout lower to pre virus prices.
Wait to see how price action forms around the resistance level for confirmation
Wait to see how price action forms around the resistance level for confirmation