Base on the Shark Pattern the movement from BC should retrace between 1.13 - 1.618 of the XA movement, however, BC only retrace to 1.053 of XA.
In the other hand, we have a major support which it was establish on the 21 Aug 15 and re-tested on the 03 Jan 19, on this retest, it printed a larger PIN candle.
This makes me to believe that price is trying to find balance before we move higher.
PRZ ; 0.6773 - 0.6712
SL: bellow 0.6650 (round number + Support)
Targets: 0.382% - 0.618% retracement of CD.
(currently base on entry @ 0.6773 - needs to be confirm)
In the other hand, we have a major support which it was establish on the 21 Aug 15 and re-tested on the 03 Jan 19, on this retest, it printed a larger PIN candle.
This makes me to believe that price is trying to find balance before we move higher.
PRZ ; 0.6773 - 0.6712
SL: bellow 0.6650 (round number + Support)
Targets: 0.382% - 0.618% retracement of CD.
(currently base on entry @ 0.6773 - needs to be confirm)
Trade active:
Price trigger my entry order
Trade closed manually:
Close manually, interest rates decision news. still good profit