Here we see price has broken from the upside, now we wait to test the allocated resistance shown above. Price could continue to possibly form to the downside if upside is not broken.
I have been short on this trade for what feels like an eternity :/ starting to doubt the set up however
voycefx
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@DarrenMilligan, We could maybe see it touch 1.22 before sell off, or even sooner. I feel a short is due, as of exhaustion and the break of the trendline.
DarrenMilligan
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@voycefx, Fingers crossed i should have taken my profit @1.18730 was no expecting the pull back, lets hope she falls tonight
nelsyboy
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I am currently short on this trade and hope my analysis is correct. Expecting move down to start Thursday and end middle of next week.