Pair has been in a downtrend and now we getting a possible complex pullback with nice confluences. We also get a Gartley termination in that zone for aggressive entries.
Targets go at the retest of previous lows.
We have been seeing a strength in the dollar lately, so any opportunity to short the pair is welcome. So for my first strike, I am eyeing a possible Gartley Pattern as entry reason on the 15 min chart for 2 targets, one at a retest of the A leg and one all the way down to the 1.19400 level.
POSSIBLE LONG SETUP ON SILVER WITH A GOOD RISK TO REWARD.
ENTRIES ARE GOOD BUT EXITS ARE NOT THAT EASY. EARLY EXITS MEANS LEAVING MONEY ON THE TABLE AND EXIT LATE AND THE MARKET WILL EAT YOUR PROFITS AGAIN WITH A REVERSE,