Price has pretty much blasted through previous pattern setups but has now settled in a sideway movement in a range that has given an ideal shorting opportunity. This has been confirmed in the following ways
Crab pattern completion,
Double top (though with no structure present)
Stochastic is in ...
I'm showing some interest in this pair especially while the harmonic bat pattern is near completion. I'm looking for price to drop below 1.540 before I go long.
Now that all the major news report have been released and factor in to current price movement, its possible with the current strength of the GBP and ...
Price has struggled to break the 1.28 on recent attempts as indicated with a triple top. The oscillators is in the day, 4h and the 1h are in the overbought condition. If price breaks the first target I would expect price to continue upward towards the second target where I would look to short.
Looking at this pair I would expect a bullish move to around TP2 before continuing on bearish decline. What supports this idea, 1. Price has structure 2. Price has hit a strong level of support and if it holds should become bullish for a period. & 3. We have the making of a ...