What we have here is the Pitchfork with the Bearish slop that was drawn in around the end of June. I am not a Professional, in fact I am very new to this, only about 9 months or so of continuous studying and research, chart reading and so forth. Any input is always appreciated. Anyway this is what I am seeing right now, maybe a bit premature with the possibility of a retrace of the current price to around 1.3000 or just above. Unless it goes all the way to the 61.8% at 1.3069
I have just drawn in the triangles that make up the pattern here and then I drew in the fib levels after and this is the result. All of the lines S and R and the trend lines have been on for many weeks now, after removing the ones that were invalid this is what I have left on the chart. For now this is how I am playing it.
Prosperous trading and a wealthy outcome to you all. Take it easy
Henry V.
I have just drawn in the triangles that make up the pattern here and then I drew in the fib levels after and this is the result. All of the lines S and R and the trend lines have been on for many weeks now, after removing the ones that were invalid this is what I have left on the chart. For now this is how I am playing it.
Prosperous trading and a wealthy outcome to you all. Take it easy
Henry V.
