Very clear double top pattern has formed.
Currently starting to make downside.
SELL confirmed by red candle on the four hourly chart.
Stochastic overbought indicating sell.
Very safe closing price would be around the 0.618 feb level which is 1.87500.
Neckline is 1.86000 area.
Pattern completion around 1.81500.
BE MINDFUL that there are resistance lines before this price. Price could also make a triple top.
Trade with caution - this is a very volatile pair.
Currently starting to make downside.
SELL confirmed by red candle on the four hourly chart.
Stochastic overbought indicating sell.
Very safe closing price would be around the 0.618 feb level which is 1.87500.
Neckline is 1.86000 area.
Pattern completion around 1.81500.
BE MINDFUL that there are resistance lines before this price. Price could also make a triple top.
Trade with caution - this is a very volatile pair.