Depending on the new weekly pivot points, shall the trendline break the price will likely target 1.1800 region. Shall this happen, then it would likely be just a consolidation move before the downtrend resumes again.
Shall the criteria meet, i will put the details of entry in the comment section.
Comment
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WEEKLY PIVOT POINTS ARE SET FOR THIS WEEK. POTENTIAL TARGET IF TRENDLINES AND 4H EMA BREAKS IS THE R1 WEEKLY PIVOT
Trade active
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ENTRY: 1.17340 OR BELOW SL: 1.16900 TP: 1.17790 RR: 1:1
Hi dude, what about the liquidity between 1.1782 and 1.1850?
FX618Analysis
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@antorower, depends if the 4H EMA breaks then it might be very volatile and perform aggressive consolidation move. I am looking at the pivot points weekly for next week where they will be positioned . If the main weekly pivot breaks then it will be very volatile likely