Depends If The Bearish Trend Can Be Broken This Week
This pair actually has been fun. It's spent multiple weeks in consolidation just to do it up massive uptick that made me so proud. Then it pulled off this beautiful short, that actually looks like a giant pullback at first glance on the higher timeframes (daily, weekly).
When it hit the daily key level zone at 1.54626 and bounced off as support, it actually respected the several-week major consolidation area and looks to be positioning itself to break the bearish trendline, or to respect it and keep tumbling on down.
This is my favorite pair so I am just going to rock wherever it goes. Lots of pips either way.
BEAR TPS:
• 1.54812
• 1.54058
• 1.52947
BULL TPS:
• 1.56837
• 1.58161
• 1.59955
• 1.61280
When it hit the daily key level zone at 1.54626 and bounced off as support, it actually respected the several-week major consolidation area and looks to be positioning itself to break the bearish trendline, or to respect it and keep tumbling on down.
This is my favorite pair so I am just going to rock wherever it goes. Lots of pips either way.
BEAR TPS:
• 1.54812
• 1.54058
• 1.52947
BULL TPS:
• 1.56837
• 1.58161
• 1.59955
• 1.61280
Trade active:
We finally broke the trendline after bouncing off the daily zone during New York session on September 8th.
Looking to see if any power moves will create the continuation further up before the week is out.
Looking to see if any power moves will create the continuation further up before the week is out.