Currently the pair is bullish. I'm hoping the arch is ignored altogether, but it is a path the pair has followed in the past. Broke above key resistance this week. Next level up will be ~1.6152, then 1.6357. Hoping it gets back up over 1.64, but it may not. That January spike was entirely due to action from the Yen melt up, so it creates an anomaly, but it can get up to 1.6585 at the top of the range. The dots over the candles are Gann fractal signals.
Comment:
may be my last shot at a 1.64+ entry this week. currently the pair is poised to move higher against heavy resistance at 1.6060. Next up will be 1.6157. If we can get above that high 1.63s and low 1.64s become likely. I'm just hoping we see all that this week, but it may well take a few.
Trade active:
Struggling to get above 1.6060, but still holding above 1.60. So long as it holds above 1.60 there's a good chance at an attempt on 1.65 imo.