I am seeing a slightly bearish triangle channel with 3-4 confirmations on the ceiling and floor supports. I expect either a breakout upwards soon to a target of 1.28019 or a retesting of the floor at 1.24197 because the ceiling is being retested continuously in the past 4 hours and not being broken.
EddieB suggested I look at oil prices and their movements but have found trouble finding this information and linking it to my analysis of this currency pair.
I am new to the forums and this is my first attempt at an analysis. I am currently going through the pipschool guide. Please instruct me to the shortcomings of what I have predicted and what I should look out for in this kind of situation. Thanks guys .