some decent action last few days, maybe a trend change....been on hols this week would have gone long on the shakeout bar, with the strength in the background, and a support area.....(dailys) what a week to holiday....
Maybe nearing a bottom this pair. The weekly price action just bounced off the June 1995 low. Nothing but a big black abyss and a setting sun on the British empire beneath...
Disclaimer: Do not take my posts seriously. They are only opinions.
The long term Butterfly PTZ which started forming 'X' circa 1998 is close, and there may be
some support start coming in around 137.50 due to various other technical factors,
Plus the current action could also be starting to print a bullish Butterfly pattern on the
lower time-frames.
a couple of big bearish butterflies..
activation point is the dotted line so the second one triggered and played out and if price closes below the lower dotted line that one will have activated too.
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