A nice opportunity to catch this pair on the long or short or it could even present us with both chances. There is a possibility for a stop and reverse chance if you incorporate this into your trading. As always stops are dependent on what your method of stop placement is (10/20 etc pip rule, ATR and so on). As always, good luck with the markets Be aware of...
This pair has been showing the signals for pattern opportunities.The overnight rally which missed a bullish bat pattern completion by 5 pips :(, however another potential pattern presences itself. I would be aware of stop placement depending on what method you use as there is a bigger bearish cypher pattern, completing at the 120.33 level, that would coincide...
RSI has put in a bullish rotation which could be short term, Cypher completion also comes in at structure. Great opportunity to see whether this has move downside
Bearish Cypher pattern completing in previous structure zone with also bearish divergence on the RSI. Great potential short opportunity, could look for potential targets around the 94 even