This pair has been in an ascending channel for some time now. Recently we had a bounce off the 61.8 retracement with a sold follow through. Price then got rejected from the CTL drawn. This is the 4th bounce off of this line, as outlined. I am looking for a break of this trend line and further continuation to the highs at 2.00 and then the fib extension at 2.04s.
Comments
danndc
⋅
do you think that 1.9150 (0.618 retracement of last leg up) could be a good entry?
flynnsforex
⋅
Price certainly had a violent reaction to that level recently. However, I would wait for further confirmation instead of placing a buy at that level.
danndc
⋅
i have already bought, following EW rules :):):)
tufan.yaveroglu
⋅
can you explain the EW rules about gbdaud
danndc
⋅
look at this one
tufan.yaveroglu
⋅
I hope this works I had receptions of 93xx, 94xx and 92xx
danndc
⋅
what do you mean with receptions?
tufan.yaveroglu
⋅
sorry thats mean bought 4 times from different points