we initially tried to rally during the trading session here on Friday, gave back the gains as New york comes on, testing the bottom of the candle stick from the previous session.
I think this is the Fade the rally type of scenario.
At 1.1700 there are plenty of resistance but even 1.1750 and 1.1800 both are candidates for selling as well.
This was a breakdown of a pretty significant pattern in it and certainly measures for a move toward 1.15000
Now I wouldn't necessarily know that the market would slice through but it certainly looks as if the market wants to get there.
Disclaimer: This is not a signal or trade call. Its only for educational purpose, try and synchronize with your own trading plan if you find this Idea useful.
Feel free to share your ideas in the comment section.
Cheers!
I think this is the Fade the rally type of scenario.
At 1.1700 there are plenty of resistance but even 1.1750 and 1.1800 both are candidates for selling as well.
This was a breakdown of a pretty significant pattern in it and certainly measures for a move toward 1.15000
Now I wouldn't necessarily know that the market would slice through but it certainly looks as if the market wants to get there.
Disclaimer: This is not a signal or trade call. Its only for educational purpose, try and synchronize with your own trading plan if you find this Idea useful.
Feel free to share your ideas in the comment section.
Cheers!