Comparing the 2017 bull run to this years bull run, we can see there is a very similar pattern emerging. Price broke up from the highlighted zone and created the first 4 EWT waves before consolidating between a range for several days before making it's move higher. It looks like the same scenario is playing out now. RSI and MACD are also looking fairly similar on each chart. I'm finding more and more similarities between the 2017 bull run and this one on several different currencies now.
Based on this chart, I think we'll carry on ranging for a week or so before we see the next move higher.
Based on this chart, I think we'll carry on ranging for a week or so before we see the next move higher.
