Other than the potential pattern setup, price is currently forming a triangle pattern as well. It has tested the 1.1030 level the fourth time and has yet to break this level. Breakout traders would want to take notice of this level or a possible break down of the lower trend line for a trend continuation trade as well.
Current Sentiment: Bearish
Pending Technical Score (PTS)
Direction with trend: +2
SnR Confluence: 0
Trendline Confluence: 0
Harmonic Confluence: 0
Total: 2/8
Wait for price action confirmation.
I would love to hear your opinion, feel free to comment, agree or disagree.
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Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
Current Sentiment: Bearish
Pending Technical Score (PTS)
Direction with trend: +2
SnR Confluence: 0
Trendline Confluence: 0
Harmonic Confluence: 0
Total: 2/8
Wait for price action confirmation.
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
