Can The Bull Rally Stop The Possible Short?
Have bearish engulfing on the 4hr that has to be retested. But I don't think the retest may last long. We may keep continuing up to test the weekly 1.94408 area, shoot back down as a rejection.
With the large inverted head and shoulders below, we might pass up though to continue the rally.
Otherwise, we may just keep dropping on down until we reach the daily 1.90910 area before another attempt back up.
BULL TPS:
• 1.93496
• 1.93871
• 1.94408
• 1.94950
BEAR TPS:
• 1.92628
• 1.92020
• 1.91065
• 1.90353
With the large inverted head and shoulders below, we might pass up though to continue the rally.
Otherwise, we may just keep dropping on down until we reach the daily 1.90910 area before another attempt back up.
BULL TPS:
• 1.93496
• 1.93871
• 1.94408
• 1.94950
BEAR TPS:
• 1.92628
• 1.92020
• 1.91065
• 1.90353
Trade active:
BEAR TP1 was hit on March 7th during the New York session.
Then, price shot up and cleared
BULL TPS1, TP2, and TP3 during the
New York session all the way Tokyo session for March 8th.
Price ranged between the bullish targets until it did a dip back down and hit BEAR TP1 once more on March 11th during the Tokyo session.
This pair is ranging pretty much. So it will remain active until all TPs from one of directions is met. So who will win? The BULLS? Or the BEARS?
Then, price shot up and cleared
BULL TPS1, TP2, and TP3 during the
New York session all the way Tokyo session for March 8th.
Price ranged between the bullish targets until it did a dip back down and hit BEAR TP1 once more on March 11th during the Tokyo session.
This pair is ranging pretty much. So it will remain active until all TPs from one of directions is met. So who will win? The BULLS? Or the BEARS?
Trade active:
Trade is updated on the more recent chart posted MArch 14th.
Trade closed: target reached:
All BULL TPs were reached for this chart on March 22nd. The March 14th chart shows the continuing TPs for more info on the move.