An M structure has been created on this pair whilst its in a retracement after breaking the previous higher low. My take is price will retrace down to the 78% fib level where there is a solid resistance.
When price breaks a Previous HH OR HL it will always retrace back downwards and then continue the new move by creating a new HH or HL
Upon reaching that zone big buys will for sure be on the way. If you have alerts on your current plan you can just set a reminder for when price crosses that region in the distant future prolly 3-4 months from TODAY.
CURRENTLY I AM GOING TO HAVE SELL LIMITS AT THE LEVEL 0.61840 with the tp at the green area enclosing the resistance.
Happy trading mates:)
When price breaks a Previous HH OR HL it will always retrace back downwards and then continue the new move by creating a new HH or HL
Upon reaching that zone big buys will for sure be on the way. If you have alerts on your current plan you can just set a reminder for when price crosses that region in the distant future prolly 3-4 months from TODAY.
CURRENTLY I AM GOING TO HAVE SELL LIMITS AT THE LEVEL 0.61840 with the tp at the green area enclosing the resistance.
Happy trading mates:)