The pair is strongly bearish and heading to the next significant level at the bottom (in green) around 1.3600.
On the hourly chart, it looks like the price would retest the fib% of the last big wave upward which would coincide with the Kejun San. That rebound should be used as a strong entry to ride on the wave downward to the resistance level.
On the hourly chart, it looks like the price would retest the fib% of the last big wave upward which would coincide with the Kejun San. That rebound should be used as a strong entry to ride on the wave downward to the resistance level.
Comment:
My daily chart
Trade active:
Price retreated as expected. Now riding the wave to the down side.
Trade active:
Kumo cloud reformed hinting us where to put the stop loss. The trade is still on.
Comment: