We have here two scenarios
FIRST: the price is being rejected in a relevant resistance which does not manage to break or overcome significantly since November 7, so I am looking for a rejection candle to go on sale until level 50 of the fibo that I trace, getting about 40 pips approximately.
SECOND: my second scenario is the formation of a double ceiling, to wait for the price to reach the neck 0.99086 break with selling force and the price will look for the range of 0.98219.
as an extra we have the RSI reaching the overbought area
FIRST: the price is being rejected in a relevant resistance which does not manage to break or overcome significantly since November 7, so I am looking for a rejection candle to go on sale until level 50 of the fibo that I trace, getting about 40 pips approximately.
SECOND: my second scenario is the formation of a double ceiling, to wait for the price to reach the neck 0.99086 break with selling force and the price will look for the range of 0.98219.
as an extra we have the RSI reaching the overbought area