Looking for this to be a continuation to the downside this week. I don't really see a strong buy opportunity until price reaches this zone on the daily after price pushes through the channel floor on the daily before and price continues down to the next zone near 141.291.
4H/1H showing a setup for a pullback and continuation,
Fib levels 00- 144.318, 100- 147.286
Pullback levels
23.6- 144.689 (would confirm the trend is strong)
38,2 - 145.452
50- 145.802
61.8- 146.152
Could see price consolidate between 144.146 - 145.022, definitely some short-term plays in this area of about 87.6 pips.
Will be looking to take the short-term plays and work my way into the overall move.
With the Brexit vote this week price will likely have an over reaction and move into a new overall trend.
4H/1H showing a setup for a pullback and continuation,
Fib levels 00- 144.318, 100- 147.286
Pullback levels
23.6- 144.689 (would confirm the trend is strong)
38,2 - 145.452
50- 145.802
61.8- 146.152
Could see price consolidate between 144.146 - 145.022, definitely some short-term plays in this area of about 87.6 pips.
Will be looking to take the short-term plays and work my way into the overall move.
With the Brexit vote this week price will likely have an over reaction and move into a new overall trend.
Trade active:
The move up is in progress... broke out of the minor consolidation and now I’m looking for price to reject