Price is moving in a rising channel where recently is bounced from the upper trendline and is now heading south. Moving a little more to the down price will test an uptrend where we should watch closer to see if price breaks below it. This will signal a drop of price till the lower bond of the channel. If price breaks below the channel a huge down move is coming, but it may take a little time for that.
The long-anticipated return northward has just begun. 7:20 a.m. New York.
hikagemono
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Out for a -2 pip loss. I'll be looking to go long again today.
hikagemono
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Just went long this pair.
hikagemono
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Agree with all your other chart analysis with the exception of this one. Looks to me like it's heading back up north for a while.
Fxprotrader
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I can't disaggre with that.. But we have to wait to see which trend is going to break in the upcoming week.. If any breakout happens we should wait for a correction and then we should jump in.. So your scenario going up is absolutely ok with me..! Thanks for your comment..!
hikagemono
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Expect it to head north soon.
FernandoMartini
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Need attention for this level. High support + 61.8 fibonacci