The pair is in large corrective structure which had been going up, inside we now have a break of the immediate up trend so selling after a confirmation looks very good.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
Comments
Wave-Expert
⋅
I can see that's an amazing opportunity, sadly, this time all my money is invested in other trades. Best of luck mate !!
piphunters
⋅
absolutely, waiting for this move for so long.
L_Abondant
⋅
took long enough eh :) i held out & added up, finally getting paid patience
piphunters
⋅
yes
chris30161
⋅
Sounds good. What would be a good entry, 0.7260 ??? Thank you
ishstar
⋅
that would be an ideal retest entry of the broken tl, wether we get it or not depends
piphunters
⋅
no need to hurry, you'll get plenty of time for a good entry
LeonardoModi
⋅
It's better to wait for next week or we can entry also now?
piphunters
⋅
if you want unnecessary draw down you can enter now, it'll go up on Monday of all likelihood