I'm not really crazy about either of these patterns
But, seems like everyone has got their focus bearing
down on shorting the 1.3750 - 1.3800 area, So, from
a contrarian perspective there's no way it will reverse
until it's gone high enough to take out all those shorts.
Perhaps the .618 fib, if it arrives in 3 waves will be the more
likely point of reversal. I'm really gonna rely on the candlesticks
for help with this one.
But, seems like everyone has got their focus bearing
down on shorting the 1.3750 - 1.3800 area, So, from
a contrarian perspective there's no way it will reverse
until it's gone high enough to take out all those shorts.
Perhaps the .618 fib, if it arrives in 3 waves will be the more
likely point of reversal. I'm really gonna rely on the candlesticks
for help with this one.