Saturday, September 23, 2017 1:47:55 AM
Daily chart looks like 2.35 might eventually hit
The weekly chart shows a Possible Bearish 3 drive up pattern that tends to get heavily shorted after the 3rd drive up.
http://www.forexabode.com/forex-school/technical-indicators/harmonic-price-patterns/three-drive-pattern/
I believe a lot of traders will set their targets for the .382 to book profits on most of their short positions, which is at the 2.35 area and let some ride in hopes of the .618 retrace. But since this is in an uptrend overall, I think the top of 1 could be support around 2.00
Overall the chart is still ok, I still think that there is another leg up yet to get to target 2 at least. Gonna be watching 2.35 to see if it looks like that will hold support
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