When swingtrader will buy the weakness (3?) and can break the ultrashortterm downtrend (mangenta line) it will be possible, that we will aim the last High ("2" @ 1,5255)
- If the Pair can break this Level we possible see a new High (2?) @ the trendchannels upper edge @ 1,558
- When the last valid "3" gets hurt, the shortterm short-szenario will go on. The next TP would be 1,4425
- Trading below this Level @ 1,4425 can be seen as a BIG SHORTSIGNAL, then the main trend is broken.
The consolidation stopped @ fibo retracement 0,5. When that Level establish a Support, the possibility is given to see new Highs. Trading above 1,5145 generates a first target @ the former HIGH @ 1,5275, above that Level i exspect a new High at the trendchanels upper edge @ 1,5510