You may see my earlier related post regarding this pair. Follow up action from the bulls hasn't been stellar for this pair which is giving me doubts about the strength. Market has been going sideways for hours now and has formed an expanding triangle. While the odds may still be in favor of the bulls, I need to prepare for the possibility of a break lower. I would love to see the bulls keep protecting 1.6340 (previous major high of the current bull trend) to maintain my confidence.
I do note that we may have resistance levels near or at the current price (looking at the daily chart) so we may be seeing the market reacting to those levels.
Hope you folks trade well.
I do note that we may have resistance levels near or at the current price (looking at the daily chart) so we may be seeing the market reacting to those levels.
Hope you folks trade well.
手動でトレードを終了しました:
Downside risk to position increasing as we go more sideways.
Price action indicating possible reversal pattern as well as possible continuation. Kind of confusing now so I'm out.
Also I need to sleep :D
Price action indicating possible reversal pattern as well as possible continuation. Kind of confusing now so I'm out.
Also I need to sleep :D
