Detailed wave count and technical patterns provide many arguments to speculate a downside move on this pair.
a) Complete double corrective structure (wxy).
b) Possible "head and shoulders" technical pattern.
c) Confluence with a 61.8% retracement to that left shoulder's zone.
d) Rejection off the top of parallel channel .
What is your directional bias on this pair? Bullish or bearish?
a) Complete double corrective structure (wxy).
b) Possible "head and shoulders" technical pattern.
c) Confluence with a 61.8% retracement to that left shoulder's zone.
d) Rejection off the top of parallel channel .
What is your directional bias on this pair? Bullish or bearish?
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