It is very possible that the lower high Echf made is the beginning of a downward move, as far as pattern and count works out.. I'm talking that whole long consolidation, which has been 3 large correction patterns combined as I see it... However, Due to the nature and length of this consolidation I don't feel right calling a signal on this pair. It broke trend line then produced a huge wick off 200 on 4 hr. With ECB tomorrow this thing may move on the breakout...But for me to say it has to come down and can't go up is ludicrous... I mean... Look at it... But this is a huge potential trade I have been watching for a while and entered more than once. Mostly scalps and break evens.
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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.