As with many markets at the moment, we seem to be seeing a relief or potential trend reversal as previous structure levels are being violated.
Looking at this pair, We have just seen a Lower Low, Lower Close so following this recent pull back, we can look to jump on the trend continuation move. Previous support should become resistance which lines up with a 618 retracement, a 1618 inversion and a 127 extension.
For anyone that trades advanced patterns, there is a Bat pattern up at 1.4279 depending on your X leg.
Good Luck.
Comments
Trader-Mick
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Nice pick! RSI hidden bearish divergence with structure and a Pattern! Great one! :D
JasonGraystone
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Nice trade
Trader-Mick
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thats what I call a head shot!
IvanLabrie
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Great entry.
GoodLuckbabe
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if wee see break up today then correction it will convince me to hold for long entry currently waiting for breakout very nice setup thanks for sharing regards brothers