As projected, price rallied once more into our supply zone triggering our pending short orders before plummeting down and broke our 1st demand zone. MADE GOOD PIPS.
Now projection would be a retracement rally up to our new supply zone which is between our 78.6% & 61.8% fib retracement that also happens to be outside extremes of our main channel.
Enter at newly formed supply zone with at least 20 pip SL above our supply zone and a TP at our next demand zone (131.400)
Now projection would be a retracement rally up to our new supply zone which is between our 78.6% & 61.8% fib retracement that also happens to be outside extremes of our main channel.
Enter at newly formed supply zone with at least 20 pip SL above our supply zone and a TP at our next demand zone (131.400)