For the meanwhile this pair is looking short to downside targets of 182.500 possibly lower. For those of you who are looking to enter short a break and close below the mini yellow trendily would be a good entry.
However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the 182.000-182.500 area then we can look to buy on the breakout and close above the red horizontal line 184.370. If price breaks and closes below 181.500 then we can look short to our red box target and possibly lower. We have our own levels in place where management would take place.
The best scenario would be a long position from the "Good Potential Buy zone".
Shorter term Target: Short
Longer Term target: Long
However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the 182.000-182.500 area then we can look to buy on the breakout and close above the red horizontal line 184.370. If price breaks and closes below 181.500 then we can look short to our red box target and possibly lower. We have our own levels in place where management would take place.
The best scenario would be a long position from the "Good Potential Buy zone".
Shorter term Target: Short
Longer Term target: Long