So this week, price is still in a corrective parallel channel phase
Im forecasting price to push down to the bottom of the structure and form a reversal at 0.61925 to push higher, however due to news and other events price may shoot up or down fairly fast. So im waiting for the setup to come to me.
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney/Tokyo session at 3:00 GMT .
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
Latest price action formed multiple impulse and correction within the parallel structure.
Ask me anything :)
Im forecasting price to push down to the bottom of the structure and form a reversal at 0.61925 to push higher, however due to news and other events price may shoot up or down fairly fast. So im waiting for the setup to come to me.
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney/Tokyo session at 3:00 GMT .
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
Latest price action formed multiple impulse and correction within the parallel structure.
Ask me anything :)
Comment:
Im forecasting price to push down to the bottom of the structure and form a inverse head and shoulder at 0.61925