I am short, my target is 1.277, but I do not like that it is 5 day in a row in same line. Would not be surprised if it starts going up.
But today there are red GBP and USD news, so maybe there will be some action.
At least it showed that it does not like 1.297 level.
There is a trendline which acted as resistance also I believe, but with it resistance is going up.
Not sure what to do.
Plus trend down has to be lower highs. Are my green points telling that there is higher high, or it does not count because the left one is too small? WHen looking in the earlier chart when was uptrend, I can notice lower highs and only later followed higher highs.
But today there are red GBP and USD news, so maybe there will be some action.
At least it showed that it does not like 1.297 level.
There is a trendline which acted as resistance also I believe, but with it resistance is going up.
Not sure what to do.
Plus trend down has to be lower highs. Are my green points telling that there is higher high, or it does not count because the left one is too small? WHen looking in the earlier chart when was uptrend, I can notice lower highs and only later followed higher highs.