A clear double top formed at he resistance level and also respects the fib levels.
The Market has a clear RSI Divergence in the 2 hour time frame & we have a CAD news coming up tonight. The Overall Day trend in Downside & Potentially its time for a Reversal. The Market has respected the Pitchorks' previously in this entire trend. Lets wait until we get a clear candle confirmation in 1hr time frame. Let me know if any. Regards, Kishore Frederick
L ets use this beautiful correction as a Counter Trend Method.. Used Fractal Flow with Andrew's Pitchfork & Schiff Pitchfork Method. Trade With Caution
The Pair has breakout the previous resistance and if it again reaches the 1.31 level, it will act as a clear support area and the momentum will be higher. Lets see .. if it retest or directly reaches the R3 level 1.33.