We see after the spring we do having a wedge being formed as compression, testing our Demand zone. lets see what it has in store for us.
Trading patterns is legit. But always wait for a breakout and a confirmation. We have there an HnS, clear in m15TF. A bearish Flag and an Engulfing in H4. This shows the pair's power is still favoring the bears.
Been holding it for sometime and i had cut the trade off profits after i saw the break out. Possible WM reversal there.
Having a Qml on view, broke through neckline. This still supports my biased thought of a strong Dollar.
A little HnS on view. the 3 Touch resistance should then lead us to the bears. Having a falling wedge on H4
still holding a sell on this, from the previous posted setup. Validating a re entry point. with a 3 Touch Resistance
a little correction wave from this pair completing a QML
Discussions are going on in one of groups regarding this pair. Whats your view on it gents?
i was looking into that correction wave , bearish channel on H4. i am looking forward to short it, completing that flag i showed on previous daily setup.
From seeing a CnH on 15min TF, open view on H4 we might have a Bearish Crab. But i think we will still be Bullish.
Cup and handle... we are still bullish on the VIX.
Close up on this pair, we can still see it rallying in a bearish Channel.