Previous Update:
Summary:
-Bearish breakout below the 50-days SMA and 0.5 retracement for(1.3476-1.3965 wave.
-A dip fell short near 0.618 retracement
-Bullish three-drives pattern
-Multiple rejection, pin bars
-Probably we may head higher in the coming few sessions, to retest the falling trend line, around 1.3755 levels.
-Accordingly, dips towards 1.3670 remains a potential buy ONLY in the short term(few days)
-Invalidation of this scenario with a clear four-hour closing below 1.3640 key support.
My longer term short trade setup is still active for the second half target..
Good luck, join me @:
twitter.com/thefxchannel
thefxchannel.com
Summary:
-Bearish breakout below the 50-days SMA and 0.5 retracement for(1.3476-1.3965 wave.
-A dip fell short near 0.618 retracement
-Bullish three-drives pattern
-Multiple rejection, pin bars
-Probably we may head higher in the coming few sessions, to retest the falling trend line, around 1.3755 levels.
-Accordingly, dips towards 1.3670 remains a potential buy ONLY in the short term(few days)
-Invalidation of this scenario with a clear four-hour closing below 1.3640 key support.
My longer term short trade setup is still active for the second half target..
Good luck, join me @:
twitter.com/thefxchannel
thefxchannel.com