This pair is forming a series of abc (wxy) structures.
Right now it seems price is developing one more ABC structure, price is bouncing from the strong resistance 195.000
More reasons:
- round level 195.00 a resistance
- convergence - divergence setup
- ema 200 as resistance
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Right now it seems price is developing one more ABC structure, price is bouncing from the strong resistance 195.000
More reasons:
- round level 195.00 a resistance
- convergence - divergence setup
- ema 200 as resistance
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
