Traders,
Update: Pair closed nicely yesterday offering a nice bearish engulfing signal. The pair could see more bearish activity next week if the bear engulf signal confirms. The pair is offering a good opportunity to be taking shorts in the markets to the lows of the range. There is a long term measure move of previous impulse to reach, and this continuation move could be responsible for price hitting this target. If price breaks the daily range it would confirm a nice minor breakdown, igniting the move to take the pair to target.
Update: Pair closed nicely yesterday offering a nice bearish engulfing signal. The pair could see more bearish activity next week if the bear engulf signal confirms. The pair is offering a good opportunity to be taking shorts in the markets to the lows of the range. There is a long term measure move of previous impulse to reach, and this continuation move could be responsible for price hitting this target. If price breaks the daily range it would confirm a nice minor breakdown, igniting the move to take the pair to target.
