A countertrend play with patterns at major resistance
I've spotted two potential bearish patterns completions which lines up with the beginning of the major resistance zone of 122.93 - 126.87.
At the rate of 123.54 completes a bearish butterfly pattern. At the rate of 122.99 completes a deep crab pattern.
These two patterns in conjunction with the major resistance zone gives me a PRZ of 62 pips to keep an eye on.
At the rate of 123.54 completes a bearish butterfly pattern. At the rate of 122.99 completes a deep crab pattern.
These two patterns in conjunction with the major resistance zone gives me a PRZ of 62 pips to keep an eye on.