RANDCAPITAL

RANDCAPITAL

SELLING THE C-D LEG OF THE POTENTIALCRAB FORMING ON THE 4H CHART . PRICE BOUNCED ON A CRICTICAL LEVEL OF SUPPORT AND IS NOW FAILING TO BREAK THE RESISTANCE WHICH IS OUR LEVEL OF RE-ENTRY TO GO SHORT.RSI LEVEL STILL BELOW 50 ON LARGE TIME FRAMES

RANDCAPITAL

OUR VIEW IS THAT EURUSD WILL SHOOT DOWN TO COMPLETE THE DEEP CRAB ON THE 4H CHART. THE ECB IS EXPECTED TO BE DOVISH SO THE C-D LEG MIGHT GET COMPLETED BY THAT. THE TREND IS ALSO DOWN.

RANDCAPITAL

BAT PATTERN HAS BEEN COMPLETED ON THE 4H CHART AND WE ARE EXPECTING A PULL BACK.RSI HAS REACHED OVERBOUGHT LEVELS