Nice simple trendline break and trend reversal trade.
You can see the previous bearish 4hr trend and trendline has been reversed with a higher high made and now a higher low forming on the 4hr chart. If this new low holds then I can see price climbing up to 108.800/109.00 levels.
0.50 Fibonacci retracement level held strong on this last pullback and strong USD momentum seems to be coming in right now.
I would see 107.9 being an area of resistance from back in April. Break through that and your target is very likely. Where do you see an sl, around 106.000?
UnknownUnicorn772665
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@paulbt38, 106.250 for the stop loss. Keeps it below the previous support before the last lows were made.