Closed above the 200 MA but it is now inside the PRZ now
Two harmonic patterns will be in play next week.
The bullish breakout play from 1.1 has now reached my final destination and it was closed today as a 340ly pips winner.
For the bearish setup we currently have, it probably would be wiser to wait for a close below the 200 MA line before shorting this pair, but more aggressive traders may want to used the potential double top near 1.4-1.45 to try and enter with tighter stop loss.
Visit my site and subscribe to the Weekly Markets Analysis if you like this analysis and my content - goo.gl/c13urY
The bullish breakout play from 1.1 has now reached my final destination and it was closed today as a 340ly pips winner.
For the bearish setup we currently have, it probably would be wiser to wait for a close below the 200 MA line before shorting this pair, but more aggressive traders may want to used the potential double top near 1.4-1.45 to try and enter with tighter stop loss.
Visit my site and subscribe to the Weekly Markets Analysis if you like this analysis and my content - goo.gl/c13urY
