If price retraces, we have a potential bearish Bat completing at 1.6912, profit taking at 38.2 & 61.8 retracements and stops above X. If price fails to retrace then a potential bullish Bat completes at 1.6570.
Price action on the Daily timeframe indicates a bullish trend in this market, however, there is a head & shoulders at play currently and we have a break below close below. We might have a potential bearish rotation if we violate and close below 1.6718.
Price action on the Daily timeframe indicates a bullish trend in this market, however, there is a head & shoulders at play currently and we have a break below close below. We might have a potential bearish rotation if we violate and close below 1.6718.