If you have a little patience with this pair, it's actually forming still forming the W second leg. The bonus? When it's done, we will have a possible bearish harmonic setup for the short.
The only way the possibility cancels out is if price can continue upwards pass the daily 1.54626 zone.
As you can see, if we make a bearish run, I'll be trading to see if it can make the weekly 1.48825 zone.
It should be an interesting trade this week.
BULL TPS:
• 1.53790
• 1.54582
• 1.56354
BEAR TPS:
• 1.51820
• 1.49809
• 1.49015
The only way the possibility cancels out is if price can continue upwards pass the daily 1.54626 zone.
As you can see, if we make a bearish run, I'll be trading to see if it can make the weekly 1.48825 zone.
It should be an interesting trade this week.
BULL TPS:
• 1.53790
• 1.54582
• 1.56354
BEAR TPS:
• 1.51820
• 1.49809
• 1.49015