Price seems to be stuck here for the 4th day today
Took a small short position.
There is a potential pattern completing at 0.9955/57
H4 pattern completing at 0.9988, so stops has to go above this levels
H4 divergence on the - indicating an exhaustion move
I am waiting for price to go up a little more on this one before going short I would like it to reach the 1.01000 area to complete my Butterfly pattern at the extremes of the channel on the Daily time frame, and also to see some divergence on RSI. Here is my analyzes below. I might also be wrong since there is a strong resistance on the 1.00000 area which could be a significant area also. Watch my analyzes below.
What do you think?
Good luck with your trade.
Apologies..... scrolled down enough just to update my trades and didn't realised that I had a question here. Will not make this mistake again.
Agree with your Butterfly, it could have gone up to that level before it dropped (we will never know). If it did, I would have already been stopped out.