One possible scenario, price pulls back to the high of the blue channel and then falls down to the yellow line circa 1.2125 as indicated on the chart.
What follows from here is a 3 week reversal pattern then beginning of the new year we might see the bulls take over this pair, for a sustained 3 month pullback.
This could be accurate or completely wrong, either way it's always good to consider different outcomes.
Rest well, trade right.
What follows from here is a 3 week reversal pattern then beginning of the new year we might see the bulls take over this pair, for a sustained 3 month pullback.
This could be accurate or completely wrong, either way it's always good to consider different outcomes.
Rest well, trade right.