2017-05-14
Triangle broke out bearish so we're clearly now in a down trend.
Confluence of two separate Fib Future D points at 83.400/83.442 indicates a strong probability of a continuation down to that level. There's 33 pips on the table here.
Longer targets could be looking at around 81.500's - previous structure, and a shoulder/head/shoulder formation to confirm lower push from the bears. Watch this space!
Triangle broke out bearish so we're clearly now in a down trend.
Confluence of two separate Fib Future D points at 83.400/83.442 indicates a strong probability of a continuation down to that level. There's 33 pips on the table here.
Longer targets could be looking at around 81.500's - previous structure, and a shoulder/head/shoulder formation to confirm lower push from the bears. Watch this space!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.