Just wondering if anyone else noticed the head and shoulders pattern in both the EUR/USD and GBP/USD on the Montly chart? and whether you think it is time for a major bearish reversal to complete the pattern.
While Cable has picked up some downside momentum, EUR has not budged much. The only cardinal rules in this market is low volatility begets high volatility. If you look at EUR daily 20 BB, it is flat. so therefore I think it is setting up for a week of downside capitulation. but just like world series of poker, only lose what you can afford. never bet the bank on one hand. anything can happend. what can i say? It is a loser's game for small players like us. happy trading
