We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
Commento
⋅
Trade has reached the 50% of the move. We expect a pull back before the continuation to the downside.
Commento
⋅
Trade is approaching 80% of the move. The USA market open is approaching so anything can still happen hence its important to stick to your risk management rules.