Bullish Overall

29. Okt. 2017

Overall my analysis still shows bullish movement for this pair. I've caught quite a few pips over the last 2 weeks, from trading within the trend channel on the 4H chart. Currently it looks like it may continue short for a bit longer, but it's currently looking to go long based on trend, channel movement, and stochastics being in an oversold area. Break out your fibs on the daily, and 4H charts, and watch closely. It does not look to be going long for long term based off of the doji's currently because I see no reversal candlestick patterns on the 4H or Daily chart, so I would watch this closely if you plan on going, and staying long because now is not the time. Look for this current counter trend to possibly continue long for a but, then a break short before a bullish breakout. Hope everyone is in profit!!