I believe this pair would have a brief southward move, then stall and move north.
I believe we would get a big one here, but US election is the enemy.
When the market opens tomorrow, if the pair remains below the upper golden line, my action would be to short the pair, expecting up to 4R
I believe that the pair would retrace a bit more.then take an upward more enough to give us 1:3RR
My bias on this pair is long. I believe that we can catch up to 2R on this one.
I believe this pair would retrace further, stall at the yellow line and head down, with the bear capacity of up to 3R as shown. Wish me luck...
When the trading opens tomorrow, I will observe and see what the price is doing, if below the current price, i will want it to come back to around the same region and stall, then I take a sell, expecting at least 1:2 RR; if it spikes above too much above the price, I will take a walk... i will update you as things develop...
As long as the trend line remains intact, I expect a small retracement back to 1.0632, then downward move, enough to give us up to 1:2 RR.
I expect a retracement to the region marked, then northward move; I expect up to 3 RR...
I expect a short retrace to the golden line, or close to it. Price action would guide us, as we need a rejection around the line to enter the trade. I am expecting up to 1:3 gain, but may close early if it is not moving as I expect.