zone on the 15th of May 2020 followed by a steady rise the following week zooms all clue to Buying possibilities in the weeks ahead of us.
Tendency: Uptrend ( )
Structure: Inverse H & S | | Channel
Observation: i. Correction leg of the Impulsive XA started from our in March, only to retrace at 50.0% into our again in mid May 2020.
ii. It has been in the last couple of weeks as price completes what looks like a Head and Shoulder pattern.
iii . The anticipation of a Breakout off of our neckline @ 133.500 level is a signal that will confirm our bias tends to complete correction of Impulse XA.
Trading plan: BUY confirmation with minimum potential profit @ 500 pips.
Potential Duration: 3 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space or Telegram channel for updates as price action is been monitored.
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