The price went to 1.3000 level and then rejected at MA 50 (redline) closing with pin bar.Plus, the RSI is almost reach the 'overbought' condition I believe this can be a selling opportunity as long as confirmation bar forms.
could be a buy opportunity ,
tp 1 on 50% retracement, 123.53,
tp 2 on 61.8% retracement , 123.78.
Good luck& Good Trading
after a small correction, bullish will continue the trend
let's see what is going to happen...
target 0.9297 .618 retracement ratio
i will expect the price go back to 0.382 and short after it.
As we could observe in longer time frame(4hrs and 1D) showing slow movement that give us a correction signal
i have floating profit on this pair which breakthrough the 1.618 of fib extension. This will give us good opportunity to make monies. good luck , good trading!!! (Please correct me if i made mistake)