if you take a look on bigger scale for this whole year. you will see how perfect Fibonacci levels have formed.
extend till April. and then consolidating in a range which defines 0.786 and 0.618 levels.
As we know the market cycles. its on a stage 3. it is going to fall. it is visible this pair is falling down 0.618 level.
Once you see breaking trendline with ;strong bearish candle you might see an entry there. Targets could be 0.382 level.
i am thinking these target can be achieved by late December or early Jan.
Retracements period can be set as per your trading style. It can be good swings and positional.
Do Due diligence.
extend till April. and then consolidating in a range which defines 0.786 and 0.618 levels.
As we know the market cycles. its on a stage 3. it is going to fall. it is visible this pair is falling down 0.618 level.
Once you see breaking trendline with ;strong bearish candle you might see an entry there. Targets could be 0.382 level.
i am thinking these target can be achieved by late December or early Jan.
Retracements period can be set as per your trading style. It can be good swings and positional.
Do Due diligence.