Price action is pretty clear on this one. Despite, today's harsh decline in price, I am expecting one more push to the upside, as first - the bullish structure hasn't been violated and is still valid, and second - there is an insane confluence around 1.1475-1.1485 level.
Bears got stopped out yesterday during FOMC and today yesterday's bulls, who jumped late into that one, hoping for price continuing to surge.
The risk/reward is fabulous, as we're not that far away from the invalidation level.
Bears got stopped out yesterday during FOMC and today yesterday's bulls, who jumped late into that one, hoping for price continuing to surge.
The risk/reward is fabulous, as we're not that far away from the invalidation level.
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