This pair seems to have broken to the downside this AM and is now out of its 2 months of ranging between 103.70 and 106.40.
Seems like a great example to learn how the bottom of a bowl can break even lower to make a new lowest low, in this case at 103.06.
Well, I'm still very glad i took a small profit from my trade last night.
We'll have to wait to see where this pair consolidates. My interpretation is that it may bounce as high as 103.60 before retesting the new low.
Seems like a great example to learn how the bottom of a bowl can break even lower to make a new lowest low, in this case at 103.06.
Well, I'm still very glad i took a small profit from my trade last night.
We'll have to wait to see where this pair consolidates. My interpretation is that it may bounce as high as 103.60 before retesting the new low.
