Whilst i currently have a BUY position lined up for next weeks trades on this pair! i have just stumbled across a head and
shoulders pattern on the daily chart as we can see in the purple zoned markings..
This is now giving me mixed signals on wether this pair will continue to drop making it a continuation of the previous downtrend from before or it will bounce up and correct itself back into the upward channel on the H4 chart..
all we can do is wait for the market to open and we will then be waiting for confirmation on where the market will go. Trade safe guys.
shoulders pattern on the daily chart as we can see in the purple zoned markings..
This is now giving me mixed signals on wether this pair will continue to drop making it a continuation of the previous downtrend from before or it will bounce up and correct itself back into the upward channel on the H4 chart..
all we can do is wait for the market to open and we will then be waiting for confirmation on where the market will go. Trade safe guys.