Identification: It has just broken significant structure to the upside. Both a rather clean trend line, a major daily reversal zone (now support), and lastly the 38.2 retracement of the swing high to swing low.
Prediction: It will retest (or has already done so?) to the downside, and then shoot up all the way to the next price reversal zone (250 pips approximitely). There are a few areas that might present problems beforehand though
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Prediction: It will retest (or has already done so?) to the downside, and then shoot up all the way to the next price reversal zone (250 pips approximitely). There are a few areas that might present problems beforehand though