Henry_Cleaver_Trading

Henry_Cleaver_Trading Updated 

Pinbar to end week at trendline, expecting move back to 38.2 as initial target from recent swing high. Previous support at .98571 before impulse to most recent low will act as a good place for stops. Note long term is bullish for this pair with large divergence at most recent double bottom.

Henry_Cleaver_Trading Updated 

Recent move down in precious metals as N Korea tensions abate and the $ strengthens. Price rejects strongly from 61.8 retracement of most recent swing high with bull hammer, would expect price to retest to 38.2 and 23.6 (50 is not a fib level). Based on price action around this level we can look to targets around full retracement and -2.72 extension