a bit of a tricky one, so i decided to keep to the large timeframes
on a large timeframe, we are overall bearish
lower highs playing with different resistance levels
Lower lows have been respected my drawn trendline support
recently had a massive bearish run to the bottom
price approaching various support levels
(support trendline W & M)
(backtetsted fibonacci retracement levels with 0%-148.7 and 100%-143.8)
on a large timeframe, we are overall bearish
lower highs playing with different resistance levels
Lower lows have been respected my drawn trendline support
recently had a massive bearish run to the bottom
price approaching various support levels
(support trendline W & M)
(backtetsted fibonacci retracement levels with 0%-148.7 and 100%-143.8)
Comment:
on the H4, i saw a fib inside a fib
with the retest and continuation past its lower lower
i see it completing the wave drawn on there
retest of the 100% and push down to 161.8%
a break past 135.6 would be a more conservative approach for positions
keeping i mind they is some fundamentals this week for both currencies
on the H4, i saw a fib inside a fib
with the retest and continuation past its lower lower
i see it completing the wave drawn on there
retest of the 100% and push down to 161.8%
a break past 135.6 would be a more conservative approach for positions
keeping i mind they is some fundamentals this week for both currencies
price hit the 261.8% fib to the tea
personally, i still see this pair dropping lower