Comments on the chart. Will be testing the upside on this one on a break of 1.3575. Price could still fall but I am not keen to push the downside without some retracement first. I am not afraid of doing nothing with this pair as well
Comment:
Price is still above the 200sma so idea is still in play
Comment:
Price is still tracking sideways. I was actually looking for a good move up before a fall. I will not call it a failed idea yet but it is not behaving as expected
Comment:
We are still tracking sideways. The fact that price has not collapsed is telling me that there is an upmove round the corner
Order cancelled:
This 200sma bounce idea has failed. Price continued its journey downwards