This pair is forming a series of corrective structures (abc or wxy).
It seems price now is developing one more abc structure, price is currently at wave B
Details on chart.
More reasons:
- ema 200 as resistance
- convergence - divergence setup
- round level 185.000 as resistance
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
It seems price now is developing one more abc structure, price is currently at wave B
Details on chart.
More reasons:
- ema 200 as resistance
- convergence - divergence setup
- round level 185.000 as resistance
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Trade closed: target reached:
All targets reached
