This is a counter Trend Trade Set up. The USD regained its strength last week. Friday, the bulls gave us a 23.6% retracement and took out the previous low, this is an indicator that price has strong potential to hit the 0.18 Fib Extension Level.
Price is too close the D Extension to sell, however once the .18 extension is achieved, I will but looking for price to pull back to the 61.8 zone, before a continuation to the down side.
Next week, I will be looking for short term buys on the 123 retracement.
Price is too close the D Extension to sell, however once the .18 extension is achieved, I will but looking for price to pull back to the 61.8 zone, before a continuation to the down side.
Next week, I will be looking for short term buys on the 123 retracement.