Price has respected this recent downtrend line 3 times and is approaching once again.
There's currently a Gartley Pattern, however a Cypher Pattern can be formed at the trendline which will provide a better RR ratio.
I have a short bias for price to make it down to the 0.96700 area from looking at the higher timeframes. Ill post my views below.
If you like to catch moves a bit early, you can use standard BBs at 2.5 Standard Deviations. ;)
Open to other opinions!
There's currently a Gartley Pattern, however a Cypher Pattern can be formed at the trendline which will provide a better RR ratio.
I have a short bias for price to make it down to the 0.96700 area from looking at the higher timeframes. Ill post my views below.
If you like to catch moves a bit early, you can use standard BBs at 2.5 Standard Deviations. ;)
Open to other opinions!
Note
Note
WeeklyTrade active
Wont be around to manage this trade so I'll leave a limit sell.Trade closed manually
Closed at BE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.