From the chart, we can see there is a double top. Double top pattern in price action means a strong signal to reverse.

If we look at price activity now, support has been broken, the level to watch is 1.6066.

Hello guys....

For now, we are in the area of support. Whether to stay or not only time will decide, from the structure candlestick one hour, strong breakout might occur, under the closing price of 1.3608 is a signal to add more sell positions.





Next target is 1.3514.

Based on 4 hour chart, EU already approach small resistance (white dot), price still circle round at the top, i'm waiting for bear setup to join the bear to come down to the past support at 1.3714. Quite tricky actually, price could go to 1.3909 or 1.4023, so its too risky to start selling without solid reason. but we do have tweezer on top rite now.

Based on 4 hour chart, GU almost reach the resistance (white dot), i'm waiting for bear setup to join the bear to come down to the past support at 1.5929. but price still climbing toward to resistance. its too early to tell actually, small lot should be fine.



From the chart we can see possible turning point for bear in control, small doji at resistance could be a sign.. fuhh... but wait for ratification signal to avoid loss.

happy trading lads

Long Term View - Bullish
Mid Term View - Bullish
Short Term View - Bearish