On 3rd March (Wednesday), I discussed about the potential re-test of the bottom band (Exhaustion pattern). In yesterday's analysis, I expected EU to breach the 1.2030 minor support zone followed by strong sell-off towards 1.1960 Launch zone of the flag pattern , which was exactly what the market performed if you're keeping up with my forecast. In today's trading session, I will be cautious of potential pullback due to the current over-extended condition. However, if the market keeps pushing down, that could expose 1.1917 as the next support zone .
The higher timeframe picture remains bullish , I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
The higher timeframe picture remains bullish , I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.