Enter below upper trendline @ 2.07-2.064 levels
Look for 1st t/p just above 200 Ema @ 2.04 levels
Possible 2nd t/p @ 2.002 levels
1/2.5 risk-reward ratio for 1st t/p
Overall a 1/6.5 risk-reward ratio if all goes to plan
Good Luck and happy trading!
Possible trade to look for during the week ahead! Short term sell Long term buy on this pair
Prices are currently pushing downwards within a descending triangle
Next possible support @.764 Fib
Take shorts below upper trend line of descending triangle @ close below Kijun-sen
Look for reversal when approaching .764 ...
1st Idea on here seeing how it goes!
Price is currently supporting on 3 month lows @ 134.60 levels
Next resistance is @ .236 fib retracment just below Kijun-sen on the 4hr timeframe
A break of those levels could expose the .5 fib @ 140.95 price range
1st possible entry @ close of the 1st 4hr candle @ 135.470