Hi there, This pair is forming very nice flag. Watch the strong breakout for downside. In case price do not breakdown and change the flag and close above the impulsive wave then we will watch price action at the top for short. Trade with care we are having FOMC statement this week. We will analyse the breakout if breakout appears strong we will hold for the bigger flag breakout for further downside. Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use risk according to that.
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We are having change in pattern formation watch top for price action.
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Price did not close above the top and broken down so far we are in bearish trend. Watch for next short close to the trend line.
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Watch trend line break if breakdown watch for TCP under trend line. If dont break then buy and sell from top.
doesn't it look like it's forming a bearish pattern in the 4hr chart sort of like this; bpcdn.co/images/2016/05/grade7-bearish-pennant.png that said could it have one more small leg up before it drops?
RafaelBlanco
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@RafaelBlanco, seems it completed that leg up and now it's started it's descent.
popshvt
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you are extremely accurate
CryptoBerserker
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man do you hate the buy botton ? you are always selling hhhhhh
nbn007
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thats too good
WinTradesBeHappy
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Looks like CH now forming, headed up?
Kadek238Bella
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1.3018 begin to short
M-Dragon
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is that mean buy or do we have to wait till USD news release
Wave-Trader
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@M-Dragon, we are having changing in pattern formation. it has not broken down. so we will watch top how that top is going to develop before any short.
that said could it have one more small leg up before it drops?