Price has recently been trending in downside momentum, now over the last week has been in consolidation (a descending channel with abcde correction), which it broke to the upside. Now a possible retracement (retest of the broken structure) might come and then we get a possible big move to the upside.
Scenario: Long; @(50% - 61.8%) retest of broken structure.
Stoploss: @(0.786%)
Takeprofit: @(1st(-0.272%,)(2nd(-0.618%))
Scenario: Long; @(50% - 61.8%) retest of broken structure.
Stoploss: @(0.786%)
Takeprofit: @(1st(-0.272%,)(2nd(-0.618%))
Comment:
Pair played out exactly as expected and analyzed.