As price continued to make new lows, we have an RSI divergence formed. On top of that, we have a potential bullish harmonic pattern completing slightly lower as well. We might potentially see price move towards the 1.1235 region before coming back down.
Should the 1.1235 region is being violated, highly price will move higher towards the 1.1285 region.
As long as these two regions hold, the overall sentiment on this pair remains bearish.
I would love to hear your opinion, feel free to comment, agree or disagree.
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KY
Should the 1.1235 region is being violated, highly price will move higher towards the 1.1285 region.
As long as these two regions hold, the overall sentiment on this pair remains bearish.
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
