I hold a bullish view due to weekly inside bar and and multiple other confluences.
But this rising wedge set up and the fact that MA's are about to cross to downside on the 4 hour
indicates we could see a decline to 1.53 to retest descending TL before continuing our bullish move to 1.6
I'll wait for a clean break of pattern to downside and MA crossover to downside before going short
Like wise a break and close above Key level of 1.562 warrants a Long to 1.6
This should be interesting!
But this rising wedge set up and the fact that MA's are about to cross to downside on the 4 hour
indicates we could see a decline to 1.53 to retest descending TL before continuing our bullish move to 1.6
I'll wait for a clean break of pattern to downside and MA crossover to downside before going short
Like wise a break and close above Key level of 1.562 warrants a Long to 1.6
This should be interesting!