The pair is inside a large corrective structure after the BREXIT impulse and we may very well be nearing the end of the structure, if we get a break below it would most probably be a new down trend which could plunge the pair to record lows. If the smaller degree correction breaks up we will go back up short term towards the the top of the larger degree corrective structure shown in the chart.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
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