D1 - Price is at the top of the bearish channel. Confluence zone around 111.50 (strong resistance).
Potential bearish divergence to form on D1 once we reach 111.50.
H4 - Double wave up with potential bearish divergence forming.
If you want to be aggressive you can then go short with the breakout of the first uptrend line.
If you want to be more conservative then wait for the price to break below the second uptrend line and then you may start looking for sells.
Potential bearish divergence to form on D1 once we reach 111.50.
H4 - Double wave up with potential bearish divergence forming.
If you want to be aggressive you can then go short with the breakout of the first uptrend line.
If you want to be more conservative then wait for the price to break below the second uptrend line and then you may start looking for sells.