We can see that EJ has been producing a nice bearish move over the last few days and from that we can see a slight correction forming on the 4hr/1hr chart.
As we are currently bearish i cannot see the pair making much more of a move upwards. We do have nice structure which has formed to the left along the 129.594 level. This has matched us up quite nicely with the 61.80% fib so i'm entering with a nice 17 pip SL. Nice RR of 5.74% here.
As we are currently bearish i cannot see the pair making much more of a move upwards. We do have nice structure which has formed to the left along the 129.594 level. This has matched us up quite nicely with the 61.80% fib so i'm entering with a nice 17 pip SL. Nice RR of 5.74% here.