This pair is in a bearish continuation pattern from a 618 retracement on the 4 hour, A Bearish engulfing candle on the weekly. It is also possibly process of completing a Harmonic Bat Pattern and in the corrective waves currently.
Look for a fib entry or support trend line breakout.
Trade your plan
AndyG
Look for a fib entry or support trend line breakout.
Trade your plan
AndyG
Trade closed manually:
The Bat formation did not complete so i traded the breakout to the upside. Never argue with the market .
Learn market structure and you will better understand price behaviour.
Trade your plan!
Learn market structure and you will better understand price behaviour.
Trade your plan!