Hi traders,
We have seen a recent rally on this pair and reversed from a major level which is also respecting a decending trendline for some time now. I'm expecting the same here and price should push down as a form of retracement to 0.382 or 0.5 fib level. The lower is goes the higher push up we shall see in coming days. But for now I'm taking short on this pair and my tp will be at 0.382 fib level. Should that break out then my next tp will be at .5 fib level, from there I will be looking to go long.
Let me know your thoughts.
Trade safe and good luck.
Cheers
We have seen a recent rally on this pair and reversed from a major level which is also respecting a decending trendline for some time now. I'm expecting the same here and price should push down as a form of retracement to 0.382 or 0.5 fib level. The lower is goes the higher push up we shall see in coming days. But for now I'm taking short on this pair and my tp will be at 0.382 fib level. Should that break out then my next tp will be at .5 fib level, from there I will be looking to go long.
Let me know your thoughts.
Trade safe and good luck.
Cheers
Trade closed: target reached