Hey There!! It looks like we have a nice double top in this pair, and this provides us with a REALLY GOOD and profitable Risk to Reward Ratio! Double top is a reversal pattern and we can be expecting a bearish reversal from this level. I am an optimistic person, so I think it should come down to the 50% line, marked with that purpelish channel ;) BUT of course this reversal might not last near as long as that, exercise caution, calculate risk first and profits will follow!!
Happy trading, enjoy spring and trading guys! :)
//WHAT YOU SEE IN FRONT OF YOU IS WHAT YOU SEE IN YOUR HEAD//
-ST
Happy trading, enjoy spring and trading guys! :)
//WHAT YOU SEE IN FRONT OF YOU IS WHAT YOU SEE IN YOUR HEAD//
-ST