Expecting a major move in the short term (don't know when exactly but its close). All pairs have been in a period of consolidation.
Multiple patterns setting up since my last update. Until the market gives me a reason, then I cannot tell where this can go. However it will do one of the following:
1. A breakout to the upside, followed by a retest of structure then a push up.
2. Price breaking down below structure and a continuation to the downside.
3. Price breaking down below structure, putting in a reversal pattern before recovering for a move up.
Either way, most currencies are in some form of consolidation or pattern.
Consolidation always leads to expansion...we'll find out soon.
If the market does this, then I will do that. Which ever way to market goes, it does not matter because we will know where to might look to go before reversing in our favor.