Hello Traders,
The French Gap has yet to be closed. The GeoPolitical setting, especially in regards to Iran and China will pose as strong catalysts to decide the faith of the pair.
The traditional rules say that the triangle pattern - in this case - is followed by a continuation DOWN, the "size" of the initial fall until the triangle began forming: henceforth...
Hello Traders,
Take a look at this pair. It is shaping up very interestingly. it just bounced strong off a resistance band showing signs of weakness. However, bare in mind that it is descending in a downward channel.. that doesn't necessarily mean it has to revisit the top trend line - it could very realistically descend while hugging the bottom channel line and...
Hello Traders,
The Pair seems to be playing within this upward channel.
The goal is to enter at the bottom of channel and ride a quick wave up to the top of the channel - whiich coincides with the beginning of the recent hard fall.
Caution turbulence on the way out - many fakeouts in the middle of the channel as we go through resistance bands.
Good luck
