Below is my recent analysis if a bearish bat on this very pair. This is a 5-0 shape where the O and B points are intact the B and C points un the bearish move. This is a strong position to buy into the D wave of the bat. If price retreats to the security of 113.7 it will, from there, move to the D point to complete the bat movement.
Happy trading! Take the Long, then reverse the position and take the short!
5-O
B:1.13-1.618
C:1.618-2.24
D:50%
Happy trading! Take the Long, then reverse the position and take the short!
5-O
B:1.13-1.618
C:1.618-2.24
D:50%
