Alright well I thought I would share what I think of the E/U
If I am even half right it will be good
I am anticipating a bearish movement outside of this right angled triangle top
It has failed to hold above the 1.4 area and it has touched the 50% retracement a few times and been rejected, there was previously a head and shoulder formation which is still yet to be completed (if it does)
So I will be waiting for some bearish PA on the 4 Hour chart from here on and wait and see what happens, this to me looks like a reversal point.
However, that is just me - any inputs are welcome and I would like to hear what anyone else thinks of this
Cheers,
VB,
If I am even half right it will be good
I am anticipating a bearish movement outside of this right angled triangle top
It has failed to hold above the 1.4 area and it has touched the 50% retracement a few times and been rejected, there was previously a head and shoulder formation which is still yet to be completed (if it does)
So I will be waiting for some bearish PA on the 4 Hour chart from here on and wait and see what happens, this to me looks like a reversal point.
However, that is just me - any inputs are welcome and I would like to hear what anyone else thinks of this
Cheers,
VB,