12-day pattern around 1.42 so far broken (bearish if 1.42 doesn’t trade today)
1.4149 range low over this 12-day period broken as well (stops run) but with limited follow through after a pause above 1.4134 support (low 1.4136) and 1.4124 below it. This is why I say AT levels matter.
So, expect a limited upside as long as 1.4196 holds on top but 1.4149 needs to become resistance for momentum to build to the downside. Otherwise, the break of this pattern will not be confirmed.
Key event to watch: Canadian jobs report
(Amazing Trader 4 hour chart)
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