Not sure if it will be bullish or bearish right now. But I'm 60% bearish.
IMHO, ABCD pattern has formed. The reasons why I'm bearish on this pair 1- BC drive is the 61.8 of AB drive and CD pattern is almost 1.272 extension of BC move ( it might continue moving up to touch the 1.272) 2- Stochastic is in overbought conditions 3- reached top of ascending channel in weekly chart 4- close to major psychological level which is 1.05000 I will...
Looks like a Bat have formed with price now finding resistance at 0.886 Fibo Going short now, would appreciate opinions The Canadian news spike gave a bearish candle which confirms.