Structure analysis - Long term bullish market. Currently price has established intermediate lower lows between confined within bull swing determining short-term bearish bias. Structure predictive analysis - Price to continue in counter-trend if current structure acts as resistance.
Ratio analysis - daily swing high retraced 0.38 convergent with recent H2 swing low retracement 0.618 Ratio Predictive analysis - 2.0800 to be rejected and a feasible reversal zone.
Harmonic Analysis - Formation of bat pattern. Price is determined to fluctuate towards 1.9300 (D) as price has breached B point. Harmonic Predictive Analysis - Anticipating bat pattern completion (varying D retracement - between .78 and .88)
Regards laurence
Kommentar
⋅
Closer look at Ratio analysis
Kommentar
⋅
This pair hasn't given us an immediate reaction as I would have hoped. Some consolidation patterns found on lower tf. So I expect a nose dive very soon.