To me this is still a great opportunity to go long. Daily RSI is still above 45 (so are all lower TF).
It showed sign of recovery after the mighty drop on Thursday (and early session on Friday). However it may be so weak that the rise cannot even pass 1.689 so buyers be aware of the risk.
TP: Final target is just below the high before the mighty drop last week. But more realistic levels are those Fib lines. Will start trailing as early as when it passes 1.689 As risks involves
SL: tightly below mini up trend line formed on Friday's 4H chart, you can move it below 1.678 if that's more comfortable.
GL.
It showed sign of recovery after the mighty drop on Thursday (and early session on Friday). However it may be so weak that the rise cannot even pass 1.689 so buyers be aware of the risk.
TP: Final target is just below the high before the mighty drop last week. But more realistic levels are those Fib lines. Will start trailing as early as when it passes 1.689 As risks involves
SL: tightly below mini up trend line formed on Friday's 4H chart, you can move it below 1.678 if that's more comfortable.
GL.