we can see a inverses head and shoulders pattern on the 4 hour/daily time frame
this is how i see and interpret the chart. we have the same tools at our disposal, its only how we view the ups & downs.
potential short. looks like a good set up to the down side.
AFTER A LONG PERIOD OF RANGING PRICE HAS CLOSED BELOW THE MONTHLY M/A. I KNOW PREDICT FOR PRICE TO HEAD DOWN TO THE 38.2 FIB WHICH IS AROUND THE 0.84000 AREA. THIS ALSO LINES UP WITH THE NEXT MAJOR SUPPORT REGION. AS BREXIT NEGOTIATIONS ARE PROGRESSING I SEE STERLING STRENGTHENING IN THIS PAIR. THE EURO ALSO SEEMS TO BE GETTING EXHAUSTED ACROSS THE MAJORS AS...