RobTaylorForex

RobTaylorForex

Could be some good downside here if in fact one of these completes and we see a downside breakout.

RobTaylorForex

Looks like we could potentially see a good drop here from numerous different angles. There is also a reverse Cup and Handle potentially in play.

RobTaylorForex

This is evident on the Daily TF as well. If the price makes it back to the neckline, I truly feel this will be a make or break level for the pair... If price breaks below the neckline I will be scalping short but very cautious of bounces as we have seen lots of buyers around this level. I do believe this will at least make it to the neckline. The peak of the...

RobTaylorForex

Taking a short trade here, have entered at 118.90 and target is about 118.00, distance from top of head to neckline. Placing a tight stop just above 119,00 as I feel it invalidates trade if price moves above that. Also interesting, the right shoulder itself was a head and shoulders pattern that completed, with a drop equal distance from the head to neckline....