In my previous NZDUSD
the reversed head and shoulders
pattern worked wonders, pushing price to the upside for more than 200 pips. Willing to define the path of price to the upside, I drew an upscending channel which works very well . The sliding parallel of the channel acts resistance every time it was tested pushing price to the down. The last time price tested the resistance level
it formed a double top
pattern which consists a sell opportunity. Stops should be placed above 0.70500 and we should aim for 0.69200.
I wish you Merry Xmas!
All the best to you and your families,
p.s: Spot your FREE seat in my four weeks training course on median line
analysis (January Class). Info in the signature box below..!