So this week, price for me is in a corrective parallel channel.
Atm im forecasting two possibilities the first is to push upwards from 0.63143
level with a reversal impulse or to push past down that level and to the bottom
of the structure and form a reversal at 0.61925
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney/Tokyo session at 5:00 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.
Since last week market, it was a bit unclear and volatile because of news and the new month. However, this week im not seeing much still but I have forecasting my take.
Have any questions, feel free to let me know
*Being Patient and letting setups come to you*
Atm im forecasting two possibilities the first is to push upwards from 0.63143
level with a reversal impulse or to push past down that level and to the bottom
of the structure and form a reversal at 0.61925
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney/Tokyo session at 5:00 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.
Since last week market, it was a bit unclear and volatile because of news and the new month. However, this week im not seeing much still but I have forecasting my take.
Have any questions, feel free to let me know
*Being Patient and letting setups come to you*