my forex analysis shows that the price are rejecting the trendline. on the 240 candlestick formation, there are evening star that indicates that the trend reversal.
on the lower degree of wave, the impulsive 5 wave down was completed and making its correction.the abc correction was end at the trendline and the market is sideway over the area where there are also resistance area.
the candlestick formation on the daily indicates that there are some rejection on the price where the sellers come to push downward.besides that, on 240 candlestick, there are also reversal signal where the evening start was detected.
target profit will be on the area of support 1.5220.
good luck!!!
disclaimer
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this idea was published for the purpose of study only. all the risk taking are at your own responsibility.
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