The pair has had four consecutive days of trying to break and close above the .7845 level. It have been unable to do so which makes me think there are a lot of sellers just waiting above that level. I will short with stops above last weeks high. We discuss this in the Weekend Preview. Check it out here: youtu.be Have all of our ideas delivered directly to your...
The price just broke out of the channel downwards, so I decided to go short. I also noticted a MACD crossover.
The situation is very optimal for a buy with targets at 0.815 and 0.82 or 0.83 in extension.
These are the levels I will be watching for bearish PA. Weekly looks set to post morning star but lets see what the rest of the week brings.