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
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Trade active
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Comment
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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.