Maybe a Sell, Let's Look at History

Looking back we see some previous 2618 trades within this pair. Mainly an obvious double bottom indicated a trend reversal and then a 618 retracement before the bigger move up. Now we see a recent break of the lower trend line with a possible double top as further confirmation of a sell. As usual, wait for consolidation

Commentaire:

Never a bad idea to see what's happening on the higher time frame. Always good when it agrees with your lower time frame idea :)