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Should be coming down from here
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It could continue up into the mid 1.19s, but PA indicates it should turn down to start the week.
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How much of the time is it likely EU will continue to climb in the current zone vs. the rest of the range? The pair is into major supply at the top of a 1400 pip range.
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Bearish railroad followed by a very bullish engulfing pin bar right into overhead supply. Could go either way.
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Could go for 3.
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Trading was active until target reached. Now it will be active coming down after a small move higher.
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Expecting a move to about 1.1873 to clear last Tue's high. I'll be entering short in that zone.
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Continuing the detour it looks like EU has both the 1.1965 and 1.2011 highs lined up. Could happen by the end of the week, or two months from now, but it's on the way.
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Taking a ride into the 2018 supply zone.
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Long around Friday's London closing price. Will add on dips.
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sometimes it's good to stay short over the weekend.
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