We are still monitoring this pair for our lower time frame reversal. We were watching today for a potential head and shoulders pattern on the 1 hour time frame however that did not come to fruition.
Market is clearly being squeezed and we should hopefully see a bearish set up show next week. On the hourly chart we can see potentially an M pattern forming and we will look to get in on this move to the downside at the neckline with ideally a few doji candles / hanging man candles to confirm an exhaustion and reversal to the down side on the 1 hour chart.
Again your feedback is always appreciated. Leave a comment below on your thoughts of this pair.
[B] The Fx Chartist
Trade active
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Still monitoring this trade for the break of our rising wedge.