Potential bat pattern completion at the 1.618 level as well as previous resistance. We are also in a descending channel and approaching resistance. When price reaches the 1.49000 area, hopefully we see some confirmation; maybe a doji followed by a lower close, or and bearish engulfing candle.
I've gained some confluence by using the Fibonacci retracement tool, swing high to swing low from point A and we the 1.49000 level match up with the 0.764 fibonacci level.
I've gained some confluence by using the Fibonacci retracement tool, swing high to swing low from point A and we the 1.49000 level match up with the 0.764 fibonacci level.
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