A step too far today perhaps especially after a couple of disappointing numbers out of the US. It isn't over yet by any means but yesterday was a big one for this pair so it's no surprise there's a little reluctance for a "gung-ho" follow through today.
PRICE needs to finish topside of the yellow box to confirm a turnaround technically . . . HH on the shorter intraday time frames only (black boxes) but it's the bigger time frame that really counts (red circles) and until there's a first HH printed above the yellow box, it's still up for grabs although very tradeable.
Today's 5 Day AvDaRa upper boundary may be asking too much this session but I've put it on there regardless.
The bigger channel lines include X 1.5 to the topside and the smaller channel line is just a regression channel expanded to the greatest Pearsons. PRICE can skirt around the edges of the regression channel but once it's out it's out and that's generally the end of that little move.
Been an interesting week for trading, so I'm cutting out early today as PRICE looks to be dropping out of the channel.
PRICE needs to finish topside of the yellow box to confirm a turnaround technically . . . HH on the shorter intraday time frames only (black boxes) but it's the bigger time frame that really counts (red circles) and until there's a first HH printed above the yellow box, it's still up for grabs although very tradeable.
Today's 5 Day AvDaRa upper boundary may be asking too much this session but I've put it on there regardless.
The bigger channel lines include X 1.5 to the topside and the smaller channel line is just a regression channel expanded to the greatest Pearsons. PRICE can skirt around the edges of the regression channel but once it's out it's out and that's generally the end of that little move.
Been an interesting week for trading, so I'm cutting out early today as PRICE looks to be dropping out of the channel.