We might see a retracement soon based on the fact that stochastics is already highly oversold...
Bat TP2 however was not reached yet and we have a good chance that we will go to re-test the 'up' trendline and major support around the 0.7400 level so that's the next level I'll be watching (the MA might also be hit there...).
If we break below the support and trendline then we can still complete the bullish AB=CD/gartley close to the 0.7050 level...
Bias still short for now...
Bat TP2 however was not reached yet and we have a good chance that we will go to re-test the 'up' trendline and major support around the 0.7400 level so that's the next level I'll be watching (the MA might also be hit there...).
If we break below the support and trendline then we can still complete the bullish AB=CD/gartley close to the 0.7050 level...
Bias still short for now...
