TRADE UPDATE
Previous analysis:
Please see original analysis linked below for in-depth explanation of short long bias.
We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 79%, but we will continue to monitor price action and the updates from our algorithm.
See the link below for an image of our algorithm's forecast for this pair.
i.imgur.com/L4MVR6x.png
Previous analysis:
Please see original analysis linked below for in-depth explanation of short long bias.
We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 79%, but we will continue to monitor price action and the updates from our algorithm.
See the link below for an image of our algorithm's forecast for this pair.
i.imgur.com/L4MVR6x.png
Commento:
PLEASE NOTE** The algo forecast posted in this idea is incorrect... this is the real forecast i.imgur.com/SuPJeul.png
