This pair is currently in consolidation on a higher time frame and this is when we usually see these advanced patterns. Here we have a potential bullish cypher that will complete just above a major support structure, hence, presenting us with a very good opportunity to go long. The pair came crashing down on friday after the NFP news and i would expect a sideways correction from this current level before we see another bearish move which will hopefully push into our reversal zone where i will also be paying close attention to the rsi and will be hoping to see some oversold conditions or even a bearish divergence which will give me a major confirmation to execute the trade.
watch my weekly video where i covered 10 currency pairs including this one
www.youtube.com/watch?v=Jg-d74k5...
Also check out my signal service on my website
www.tradewithme.co.uk/signals/
watch my weekly video where i covered 10 currency pairs including this one
www.youtube.com/watch?v=Jg-d74k5...
Also check out my signal service on my website
www.tradewithme.co.uk/signals/
