Momentum is turning bearish on the 4hr time-frame and depending on the weekly close (bearish candlestick) we may see a tweezer top on this pair and for a further corrective move lower.
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Price Action (Technical Analysis): Here we see price is forming a Potential Gartley Pattern in the 30MIN-4HR. I'd like to see price rally around 80.50-80.55ish and gain confirmation to go short if price action tells me so. (Bearish Candle Stick Reversal Confirmation) This trading idea is invalid once our D leg breaks above X.
Fundamental Analysis: None.
Price Action (Technical Analysis): After a bit of a crazy week for the FX Market due to Fundamentals. Price moves and closes at a very interesting zone which would be our Weekly Mid-Range Zone, this zone tells us that we can expect 1 of 2 options. If price breaks below this zone we can expect price to find its way to our New Support, let's say Sellers decide to...
