The rate is currently testing the lower boundary of a possible inverse head and shoulders pattern neckline.
There's also a potential bear flag and a break below 1.5150 would open up a way towards the 61.8% and 100 % breakout targets at 1.5070 and 1.4870.
A break above 1.5400 would invalidate my immediate bearish outlook for the pair.
There's also a potential bear flag and a break below 1.5150 would open up a way towards the 61.8% and 100 % breakout targets at 1.5070 and 1.4870.
A break above 1.5400 would invalidate my immediate bearish outlook for the pair.
Comment:
Trade closed: target reached:
I M GOING TO CLOSED THIS TRADE:
