I strongly believe there is still a big room for down move as a target from head and shoulders pattern on weekly timeframe has not been reached yet. Pair is still in downtrend on higher timeframe with a current rally on daily timeframe. Watch for for a breakout of trendline on 4hr chart as it will give us good RR opotunity. If setup will play out I will try to keep trade until price reached 1.45000.
Comment
Trade active
Trade closed: stop reached
Trade active
Comment
Another attempt with SL above cuurent swing high
Comment
Again trendline broken
Comment
Comment
Comment
Hope you guys are in.
Comment
Comment
We might have two more corrective waves and another impulse up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.