If a corrective ascending corrective formation presents itself with strong rejection at weekly resistance, I will be looking to short this pair into the supply zone where bulls will then be able to generate enough momentum to break to the upside and meet the demand zone.
Bears will complete XABCD pattern and W formation if they manage to reject from the key zone they currently sit at.
Monthly analysis suggests that a long setup seems promising at supply zone.
Bears will complete XABCD pattern and W formation if they manage to reject from the key zone they currently sit at.
Monthly analysis suggests that a long setup seems promising at supply zone.