Two harmonic patterns will be in play next week.
The bullish breakout play from 1.1 has now reached my final destination and it was closed today as a 340ly pips winner.
For the bearish setup we currently have, it probably would be wiser to wait for a close below the 200 MA line before shorting this pair, but more aggressive traders may want to used the potential double top near 1.4-1.45 to try and enter with tighter stop loss.
Visit my site and subscribe to the Weekly Markets Analysis if you like this analysis and my content - goo.gl/c13urY
The bullish breakout play from 1.1 has now reached my final destination and it was closed today as a 340ly pips winner.
For the bearish setup we currently have, it probably would be wiser to wait for a close below the 200 MA line before shorting this pair, but more aggressive traders may want to used the potential double top near 1.4-1.45 to try and enter with tighter stop loss.
Visit my site and subscribe to the Weekly Markets Analysis if you like this analysis and my content - goo.gl/c13urY