In history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups:
1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend.
2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and break the countertrend.
Option 2 would be the strongest setup
Will update this idea when one of those setups are formed
1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend.
2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and break the countertrend.
Option 2 would be the strongest setup
Will update this idea when one of those setups are formed
Order cancelled
Trade idea invalid.