This pair is very prone to a massive bullish
breakout. After completion of a huge bullish
pattern with almost 350 pips for each leg at the lower end of a descending channel
, price is seemingly carving out a Head and Shoulders
pattern and also a Gartley pattern
Break up of the recent swing high at 0.7140 will be accompanied by a breakout of the channel as well, paving the way for bulls to target the 0.7380 top again.
Sharif Azadeh, CFTe