Basic 123 pattern
This is a corrective pattern against trend
Usually after a top it goes 50% downwards around the bottom made will be swing entry with sl above high made. Tp is as long as length between top and bottom
Pairs are trading lile headless chickens and might just keep moving in trend direction.
If it loses the 152.600 we might go below to 151.555 in extension before buying again as it tends to break the intra day trend (shift from bullish to bearish then bearish to bullish)
Usually after a top it goes 50% downwards around the bottom made will be swing entry with sl above high made. Tp is as long as length between top and bottom
Pairs are trading lile headless chickens and might just keep moving in trend direction.
If it loses the 152.600 we might go below to 151.555 in extension before buying again as it tends to break the intra day trend (shift from bullish to bearish then bearish to bullish)
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