Late post but this was a pair i was watching once we'd hit the resistance level on 01/06/16. I was expecting a continuation of a bullish trend however it appeared we had a false break out above the resistance level of 0.77500, which then fell back below this level. Bullish trend did then proceed and TP1 was hit. Will see if this hits TP2 and beyond going into next week.
Broke the bottom band on the 1 HR chart yesterday and didn't make it back. Gave a morning star reversal and broke through the top band after a slight squeeze. Bounced off the 20 EMA on the 1 day chart. Same sort of pattern occurred on Nov. 10th.
