What to expect, the market presents us with a number of alternatives, but we just have to be on the side of one of them.
Bearish Pattern objective: Short at D
Safe trades;
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Adding further to my previous analysis about this pair, there seems to be a head & shoulders pattern emerging. I will be taking a short position If the next few candles close below the neckline. If the price crosses above the neckline, I will wait for it to get to the next kill zone which is the top red trend line.
A vicious Gartley pattern which is accompanied by a Butterfly at the upper range of the channel points to a bearish move which will put and end to a multi-month rally, at least temporarily.
Good luck,
Right - This pair has been in a steady uptrend pattern since September last year respecting the upward trendline beautifully. However since February this year we've seen successive lower high's being formed, whilst still respecting the upward trendline.
The formation of this rising triangle means we could we a break to the top or bottom, however given the...
