I see a kind of exhaustion of the price after last's week bearish move.
3 doji candles since yesterday as confluence of the exhaustion.
I think it's time to the long move but i think price can get even lower reaching the 78.6 fib level before going up.
As traget i will take the last time that price tried to go against the trend but the engulfing bearish candle stoped it (blue rectangle).
stop loss 15 pips bellow the 78.6% fib level (22 as total) and 55 pips target
3 doji candles since yesterday as confluence of the exhaustion.
I think it's time to the long move but i think price can get even lower reaching the 78.6 fib level before going up.
As traget i will take the last time that price tried to go against the trend but the engulfing bearish candle stoped it (blue rectangle).
stop loss 15 pips bellow the 78.6% fib level (22 as total) and 55 pips target