Pair strongly influenced by OIL price and this one will continue rising, but the downtrend remains.
A bearish Gartley pattern and double top are present but no divergence at sight. Taking in consideration OIL price, there is a possibility that this pair continue a little bit higher, in that case, a bearish B-Fly emerges and will pressure top channel on D1 (green).
On H1 chart, price looks strong in the uptrend. So I’ll stay aside for the moment and opting to see if the B-Fly pattern complete.
Meanwhile, on H1 chart, there is a bullish 5-0 pattern in play and a long position could be setup between 0.7156 and 0.7186 (wait for bull divergence + reversal bar pattern).
A bearish Gartley pattern and double top are present but no divergence at sight. Taking in consideration OIL price, there is a possibility that this pair continue a little bit higher, in that case, a bearish B-Fly emerges and will pressure top channel on D1 (green).
On H1 chart, price looks strong in the uptrend. So I’ll stay aside for the moment and opting to see if the B-Fly pattern complete.
Meanwhile, on H1 chart, there is a bullish 5-0 pattern in play and a long position could be setup between 0.7156 and 0.7186 (wait for bull divergence + reversal bar pattern).
