ABCD pattern on the cards?
AB=CD pattern lines up nicely with previous weekly structure as indicated on the chart.
A break of 100.000 and I see the bottom falling out of AUD/USD and GBP/USD pairs.
AB=CD pattern lines up nicely with previous weekly structure as indicated on the chart.
A break of 100.000 and I see the bottom falling out of AUD/USD and GBP/USD pairs.
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
Considering this analysis we may see the EUR/USD continue it's bearish outlook over the next week, for this reason on top of it's already bearish outlook, I'll only be looking for shorts this week.