Pair is curently making new lows towards the completion point of bat pattern @ 1.54475 that has been forming for the last month, and has been on my radar since the start of the month. On the Daily we have been moving sideways since march 2020, very long consolidation that is excellent environment for some pattern trading. Last weeks trading finished with lower low lower close candle so the completion is just around the corner and I will be looking for RSI to go oversold at the completion before entering this setup.
I remind you that this is just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. 🙂
Plan your trade, Trade your plan and Good luck in the markets!!
I remind you that this is just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. 🙂
Plan your trade, Trade your plan and Good luck in the markets!!