It looks like a classic top pattern for me .
We see price found reistance in form of a double top right at a previous swing high which provides this resistance area.
I look for a short trade after price breaks n close below the double top neckline (support) .
Looking for a target at round about 1.54500 area.
If price cant break below i look for the other direction and a break of the resistance at the top for further bullish momentum.
2 simple "If then" scenarios for this more or less classical top formation.
We see price found reistance in form of a double top right at a previous swing high which provides this resistance area.
I look for a short trade after price breaks n close below the double top neckline (support) .
Looking for a target at round about 1.54500 area.
If price cant break below i look for the other direction and a break of the resistance at the top for further bullish momentum.
2 simple "If then" scenarios for this more or less classical top formation.