Confluence of some basic but major technicals.

Oct 29, 2015

We are almost at our pattern completion around 0.75615 and we have a major structure level ahead as well. I believe the confluence of these and the fact which we are in a current down trend move gives us a good opportunity to short the market. Depending on your strategy you may choose to whether get involved right at the pattern completion, or at the structure level. We will be looking for our initial targets around 0.73345 and the following around 0.72219. Good Luck!