I am still very unsure of what this pair wants to do. As of right now I see a head and shoulders on the higher time frame. I zoom in on the lower time frame and its confirmed. As of right now I am just watching to see what the candles paint. I strongly believe I may be shorting this pair. ***** This Is NOT A SIGNAL*****
Trade closed: target reached:
As you can see there was an M that formed at the 1.12850 resistance. The current candle is completing my second shoulder. The current candle broke through 3 support lines and is currently at 11.618. There may be slight retracement back to the 1.12073 line. but we should see some drop for a few days. ***** THIS IS NOT A SIGNAL