This is again a conflictual price move. If you look at the previous structure you'll see it. The pair from here can shoot down before the next rise. But, it can just continue it's move up. (probably not a shooter but still going higher).
Compared to my previous post, there's not much difference except that the possibility for a shooter down is greater now, but not sure.
Compared to my previous post, there's not much difference except that the possibility for a shooter down is greater now, but not sure.
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You see the 3 red arrows? It will become dangerous if the price move's until the 3rd one. Below this level the market can continue to push down to target the red line below. That's the multi yearly trendline. This one should hold the fall. This said, there's no reason actually to move like this but the market follows always it's own rules.
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Buying is dangerous at this level. Selling is possible with a sl just above the highest high. If the pair pushes higher the loss will be very limited and a new trade plan will be determined later.
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Price must clearly close above the 1,1660 on the daily close or a correction down will probably happen next week or maybe before the end of the day.
