lets form the Right shoulder, it is good opportunity to scalp a long to 64.24 which happens to be in the clones level. Watch closely to see there is no further decline over neckline.
Testing out a new strategy using clones. Price will flirt with blue (90MA) line before breaking down to get back in trend. Entry in top red block or blue below after retest. Pay attention to trend lines and purple line (1000WMA) for exit. SL: 1.4680 TP1: 1.4481 TP2: 1.4431
Hope it drops sooner, this is just a simple clonage within this long term channel. Fundamental factors to consider, oil dropping further, BOC lowering interest rates this week, could wick out to 1.48. US bad data last minute revised GDP after market closed last Friday 1/15, if USD starts dropping this pair could just go sideways for a few weeks. The risk for...