price is currently in a compression zone (falling wedge) so i'm expecting a bullish break-out to complete the right shoulder of the bearish qml currently forming on H4....ya'll can wait for a bullish break-out for possible long trades or just ait for qml sell signs then go short...however anything is possible, no gurantees
An inverted Head and shoulder structure spotted, if the neckline gets violated we shall see a nice bull rally to complete the structure...This Rally also happens to be a retest of the previously broken trendline and also the Double top neckline retest
i believe this pair will sell in the coming week mainly because of the bearish pennant formed on the daily Tf. Furhermore we have 2 dojis on a resistance level, this can be used as confluence for bears..I will however wait for a confirmation on a smaller Tf
I'm anticipating a rejection on the support zone, thus marking the completion of the bullish wedge that is currently forming. A bullish break out is emminet, but however this is forex...Anything can happen
I Forsee a longterm buy on this pair mainly because it has a cup and handle model...furthermore it has a bullish wedge formation and i'm anticipating a third touch on my bullish trendline
