The (4 hour) 10:00 candle bar on 06/11/2014 sharply broke below the 1.24700s resistance level, indicating a bearish market continuation.
My aim is to go short on the pair, once it tests this level which should now become support. This prediciton is backed up by an X to A 0.618 retracement on this same level, and RSI divergence on the 15 min chart.
My aim is to go short on the pair, once it tests this level which should now become support. This prediciton is backed up by an X to A 0.618 retracement on this same level, and RSI divergence on the 15 min chart.