EXY (EUR Index) moving up to top of descending channel. The impulsive move may continue up, breaking through the channel
OR ----
The ascending channel being made will create a correction to 109.30 area.
BXY (British Index) moving up after hitting bottom of descending channel. NOTE: This could be a flag forming leading to a push down creating a lower low.
WAIT FOR LOWER TIME FRAME CONFIRMATIONS on EURGBP for how the Euro & Pound currencies will effect pair. Consolidation possible
~Always remember to look left!
<--- Q~Q
OR ----
The ascending channel being made will create a correction to 109.30 area.
BXY (British Index) moving up after hitting bottom of descending channel. NOTE: This could be a flag forming leading to a push down creating a lower low.
WAIT FOR LOWER TIME FRAME CONFIRMATIONS on EURGBP for how the Euro & Pound currencies will effect pair. Consolidation possible
~Always remember to look left!
<--- Q~Q