Looking to see whether or not we will continue consolidating right at the trend line. If so it is likely that we will get a big up move to complete a flat pattern or possibly even reverse into a total up trend that is looking more and more likely on the weekly/monthly time frames!
The other scenario is a rejection giving us more downward movement to break the low and even setting us up for a possible WXYXZ pattern to even more lows!
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below! Please don’t forget to like & follow.
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