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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inverse HnS on the 15 min.
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The previous one worked out, now to see if this one does to kick off the new week.
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~1.1920
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Closed above yesterday's high. Will add to longs with the next swing down (Mon/Tues).
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Looking at a similar move shows EU will probably come back to around the 20% line on the scale. That would put it at 1.1972. telegram.me/maxw3st
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Waiting to see if this pattern plays out again.
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initial targets
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May be ready to swing up. It could also make another drop to around 1.20.
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It is bullish and I will stay long, but it hasn't yet cleared previous highs to confirm that it's back to a near term up trend.
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in the chart above the top box shows a value gap. It should be acting to pull price up through the current level of resistance it's fighting.
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Value gap filled. Now for the previous highs to get back to the up trend.
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Possible inverse HnS forming. Tune in again next week.
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May take a while, but I think it's headed for at least the 125% line.
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10 year yield is still climbing. In short, EU should continue down.