THe image says it all, as always one should wait for a bearish evidence before entering on a sell.
This are the areas or zones were the price might reverse since they are monthly zones or areas from long ago. So where the pa is now it could reverse, will enter on a short if I see bearish evidence.
I have set this trade at 7.30am (UK time), will leave it open to play out, lets see. opened due to the railway patern.
There is a potential double top on EU now, if this double top is confirmed I would expect EU to go down till 1.048 lvl and than it might recover from there to create a higher high. Coment, like share, do your thing!!!
Depending on the close of the current candle it might be creating a double bottom.
I might be wrong but I believe EU will test the lowest from brexit and bounce back up, IMO. As always, comment and explain your comment, like and share.
This is purely fundamental, since BoE might inject some of the emergency funds to ease and strengthen the £.
You know the drill. Comment, like, share. Do whatever... just do something
Comment, Like, share.. you know the drill
EU is forming a double top which might lead to a bearish move to the next support area, from which it might bounce back. Comment, criticise, like share. do whatever.... just do something
Once the lower indicator reaches a lime color it might reverse for a little bit and drop again.
Comment, Like, Share. Do whatever... Just do something.
Will the EU keep climbing up next week or will it break the channel.