ETH has been going through a slight retracement the past 2 days. Theere is now a nice inverse Head and Shoulders bullish continuation pattern forming, on weaker bearish volume which comes just before an upside breakout. Prepare for a renewed testing of $350 and above in the next 24-48 hours (by end of week).
Woke up to see a huge spike in GBPUSD. Using just pure volume analysis, I can see huge effort to push up, but price failed to close much higher than yesterday's high. In my opinion, the path of least resistance is down towards the low of the daily channel. I entered short. EP: 1.3260 - 1.3265 SL: 1.3310 TP: 1.3050-1.3080