Hello Traders,
We have a potential Gartley pattern forming on this pair completing at 1.606.
Price has currently been moving sideways on the daily time frame.
Looking at the weekly time frame, in the near future I am expecting a break of this sideways movement and a continuation downwards.
We also have a few other confluence factors:
1. Minor resistance
2. Potential trend-line resistance
3. AB=CD harmonic move in our potential reversal zone
4. RSI approaching overbought conditions
I will be keeping a close eye on this pair.
Follow us for more at KashMarkets on Trading view and Instagram.
We have a potential Gartley pattern forming on this pair completing at 1.606.
Price has currently been moving sideways on the daily time frame.
Looking at the weekly time frame, in the near future I am expecting a break of this sideways movement and a continuation downwards.
We also have a few other confluence factors:
1. Minor resistance
2. Potential trend-line resistance
3. AB=CD harmonic move in our potential reversal zone
4. RSI approaching overbought conditions
I will be keeping a close eye on this pair.
Follow us for more at KashMarkets on Trading view and Instagram.