Price has come to a great level. We can see multiple retest of the resistance level. Short at current price 1.7546 stops above 1.7722 and targets below 1.6752. Use proper risk management. All the best in this swing
the pair has been trading in a corrective extended complex wave, the last daily candles shows a change in the momentum, thus implying a bullish scenario ahead.
on the daily chart we can see an engulfing pattern as well which indicates a bullish pattern in view.
i would long this pair even after we saw a bearish candle in the last hours, from current levels.
Good Luck!!!
the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a
downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.
tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders (...
After failure of rising above 134.72, GJ continue to fall slowly.
Looking at Leading diagonal formed as five waves, we assume this pair will be bearish at least fifty percent of High low 134.72 / 124.11.
Selling pressure assume will end at 129.3 before looking for price action on buying opportunity.
