Engulfing Setup in trend direction usually mean continuation
Engulfing Setup in trend direction usually mean continuation
Pin Bar off of the top of the range
Long Head and Shoulders once closes above the trendline
The beginning of the Week we seen YEN over power AUD now as the market is about to close we see a nice pin bar forming Indicating the bulls have regained control and we are going to continue with this uptrend.
Cable could stay in its range or complete its double bottom formation. Im more inclined to think both of these will happen and form a triple bottom once hitting the bottom of the range
Thursday and Friday failed to make much movment bouncing around the same price. Im expecting to see a pullback upto 99.884 area forming a head and shoulders pattern before it drops and continues its downward move To 95.906
USDCHF is at a its key resistance area. If it closes below the trendline a short to 0.95111 is seeable.
Just bounced around the 6755 and 6671 level last week not doing much a clean break of this symetrical triangle will allow us to finaly see a move. Im expecting ftse to break lower dropping down to the 6554 area