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Old 23-06-2016, 14:45
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riki143 riki143 is offline
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Default Re: Market news and trade recommendations by FBS

EUR/USD: there isn't any reversal candle pattern so far
6/23/2016



We’ve got a “Three Methods” pattern, which did a great work, but there isn’t any reversal pattern so far. Therefore, the last high is likely going to be broken soon. As we can see on the Daily chart, there’s a support by the nearest “Window”. The current candle is white, so bulls are probably going to move on in the short term.



The price has reached the upper “Window”, which can act as a resistance. If so, a local downward correction becomes possible. However, we don’t have any bearish pattern here, so bulls are still in the game.

More:
https://new.fxbazooka.com/analytics/9360
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