I think, there is a chance to go long on this pair. There is a Cypher pattern completion at 0.9673 and a fresh Demand Zone at 0.9648.
Targets will be the 38.2, the 61.8 and the Supply Zone. Happy trading.
Is this a possible AB=CD Pattern? The last structure to the left is back in May/June 2015. But we are not oversold, so I am not shure about this pattern. Maybe if we double bottom, there is a long opportunity.
Thanks for your suggestions and kind regards,
This is my first time analysis and I hope that this is not complete nonsense. I think there is a potential Gartly coming, with a little bit structure to the left side. If i made some mistakes I would appreciate your help, to show me this mistakes.
Have a good day and happy trading.