This is a huge play, Last Friday we saw the inverted
H&S play out on this pair. With a daily bullish engulfing
we can expect more upward movement, we just need
a good entry. Allot of things have to happen for
this to play out and we will work it as it comes.
We have to understand that the 50% fib aligns up
perfectly at resistance at 1.1925. A big play would be the
Weekly H&S pattern that never played out. If price
reaches this level we have the possibility of this playing out,
this will hit a major key level at 1.207
and a overall fib move from the 61.8.
This is something to put on
your watch list.
H&S play out on this pair. With a daily bullish engulfing
we can expect more upward movement, we just need
a good entry. Allot of things have to happen for
this to play out and we will work it as it comes.
We have to understand that the 50% fib aligns up
perfectly at resistance at 1.1925. A big play would be the
Weekly H&S pattern that never played out. If price
reaches this level we have the possibility of this playing out,
this will hit a major key level at 1.207
and a overall fib move from the 61.8.
This is something to put on
your watch list.