TheBossHoss

TheBossHoss

A high probability signal to go long will be initiated after the break of the trend line together with a firm close below the Fibonacci resistance level. The slope of the moving averages favors the signal which will confirm the trend line break and Fibonacci level. Short positions are initiated with targets 1st) 0.67571 2nd) 0.67065

TheBossHoss

We can see that the market has formed a trading range on the $H chart. Also the support level has pierced with a firm close below. I am expecting a small market retracement for initiation of short positions with targets. 1st) 0.74673 2nd) 0.74128 Trade always carefully, and good luck