a break and retest and coincidence of 3 evidences
this pair was in a symmetrical triangle between a mid-term (1 year) uptrend and a short-term(4 months) downtrend.
21 days ago this pair had broken this triangle and reach the 1.08440.
the best way of trading symmetrical triangles is to wait for a deep pullback.
it has been occurred now.
the zone between 1.057 to 1.062 is golden fibo retrenchment in coincidence with a strong S/R of 1.063 and its broken trend-line.
for me this 3 evidences are enough and he last thing i am waiting for, is a strong buying pressure as a 4H (or Daily) trigger.
21 days ago this pair had broken this triangle and reach the 1.08440.
the best way of trading symmetrical triangles is to wait for a deep pullback.
it has been occurred now.
the zone between 1.057 to 1.062 is golden fibo retrenchment in coincidence with a strong S/R of 1.063 and its broken trend-line.
for me this 3 evidences are enough and he last thing i am waiting for, is a strong buying pressure as a 4H (or Daily) trigger.
Trade active
Trade active
Trade active
Trade closed: target reached
