We see that the pair has retraced down to the .618 Fib and bounced. This gives a strong indication that the pair has some more upside potential. Looking for a 400+ pip move from start to finish.
Trade active
Trade active
Note
We are looking at a possible wedge forming on this pair. Also, the pair is sitting on the .618 Fib. Strong Support in this area indicated by the Red Dotted Line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.