Stop hunt to the low has occurred, railroad tracks in place, anticipating a move higher before coming back lower.
Price will likely fish for stops below yesterday's low then move higher possibly making new highs.
Anticipating a move higher towards 62.00 area if we can sustain above 59.00.
This pair has been coming down for a while, needs to breathe. Watch for retracement back to 0.9650 area to go long. SL below 0.9600. Targets at 50 and 61.8 fibonacci level.
Targeting 1.1125, 1.1200, 1.1237, Stop loss below 1.1085
Expecting a reaction from trendline, expecting a reversal in London and NY sessions.
61.8 fib level reached with 30 minute candle closing as a doji. Long active with tight stop loss, great RR.
Expecting a sell off from yesterday's high of 62.90 with targets at 60.00
Nice head and shoulder pattern forming, H4 bearish engulfing in place at time of writing indicating acceleration in bearish momentum. This is a countertrend trade aiming for for a retest of previous structure at 53.50.
Because many buyers are now stopped out, dealers will now go up to take out the sellers! Sellers beware, Buyers rejoice! Look for any bullish evidence to go long!