In a monthly time frame, it is clear that the pattern forming descending triangle and forming double top inside the major pattern. Although the major trend
still uptrend, but the price move near the support line with the RSI 40%.
After breakout double top pattern, the price might be pullback to the breakout point and wait for bearish price action to short, thus, set the 1st TP @ 3.8556, 2nd TP @ 3.7364, 3rd TP @ 3.5567.
In terms of fundamental, USD bearish due to few crisis such as US-IRAN war and US-China Trade War.
DISCLAIMER: THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK.
still uptrend, but the price move near the support line with the RSI 40%.
After breakout double top pattern, the price might be pullback to the breakout point and wait for bearish price action to short, thus, set the 1st TP @ 3.8556, 2nd TP @ 3.7364, 3rd TP @ 3.5567.
In terms of fundamental, USD bearish due to few crisis such as US-IRAN war and US-China Trade War.
DISCLAIMER: THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK.
