Why I think it is bearish:
http://fb.com/edtrade.blog
- The pair seems to have created a head and shoulder pattern.
- Neckline was penetrated a few days ago with a huge bearish outside key reversal candle.
- Price retested support and failed with the appearance of a bearish key reversal.
- Already short the pair at 0.9584.
- Price might go lower towards 0.9145 area.
http://fb.com/edtrade.blog
Trade geschlossen: Stop wurde erreicht:
Standing aside for now. Probably it will be consolidated for a while. It might be that this will turn bullish instead.