In this post, we are going to check the pound-yen currency pair !
It seems that price is in a trading range, because by reaching the previous ceiling, the price momentum has decreased !
And on the other hand, we see the CAPS on price pattern ! And the other thing is that if the price can engulf its previous floor, we will have the QM pattern and our approval for the SELL transaction will increase !
Anyway, consider your own analysis !
good luck ! ;)
It seems that price is in a trading range, because by reaching the previous ceiling, the price momentum has decreased !
And on the other hand, we see the CAPS on price pattern ! And the other thing is that if the price can engulf its previous floor, we will have the QM pattern and our approval for the SELL transaction will increase !
Anyway, consider your own analysis !
good luck ! ;)
