Possible retest of Highest High and before we get there.
As i mentioned in my previous posts, an almost complete Bearish Cypher pattern is in the works, as well as a possible Bearish Gartley could provide a retest of the recent Highest High for the pair.
Observed here is the continuation of the Bullish Trend Line we have since Nov. 12, 2013.
In my post "Part 2 Bearish Essentials", conditions were met (4Hr Oversold RSI with ATR reading 25 below) and with the help of the negative feed from US, the pair indeed shoot up as expected up to where we are now.
From here, I'll just let the events unfold and update as soon as i can.
Thank you and Good Luck on your trades!
P.S. I'm still learning to work with this interesting platform, kindly bear with me if my charting is kinda off..
Hopefully i'll get used to it soon enough. =)
Observed here is the continuation of the Bullish Trend Line we have since Nov. 12, 2013.
In my post "Part 2 Bearish Essentials", conditions were met (4Hr Oversold RSI with ATR reading 25 below) and with the help of the negative feed from US, the pair indeed shoot up as expected up to where we are now.
From here, I'll just let the events unfold and update as soon as i can.
Thank you and Good Luck on your trades!
P.S. I'm still learning to work with this interesting platform, kindly bear with me if my charting is kinda off..
Hopefully i'll get used to it soon enough. =)
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