Last Friday we highlighted a potential bearish Deja Vous pattern. Whilst bearish momentum is taking hold, we may see a pause in trend before it breaks to new lows. The daily trend structure is firmly bearish, and the 61.8% Fibonacci retracement level performed well as resistance. Friday’s break out of its 36-pip range marked the beginning of its next impulsive move lower. And two clear, bearish range expansion candles reaffirmed dominance with daily closes beneath 0.7460. Furthermore, the MACD points lower and, with no signs of bearish divergence, the path of least resistance appears to point lower. If the ‘Deja ... (full story)