I am seeing this as a double bottom. My plan is to buy and take some profits at 38.2 and 6.18 retracement level (top to bottom)
Good Luck and trade with care.
My plan is to find Short opportunity on EUR/USD at 3.82- 618 retracement level. Also top of the right shoulder from a daily perspective.
Trade with care and good luck.
If the impulse move can break 86.00 level. Then I am looking to long. I see this as continuation of the up trend after the pull.
Looking to Target 90.00 top end of the channel
Good Luck
My idea for this pair, it might go down to the 618. Fib retracement level, which is also previous daily support line.
I am looking to buy at the confluence of 61.8 FIB retracement and Support level.
Entry: 1.52
TP 1: 1.56
TP 2: 1.58
We've completed the long wave A, followed by a Short wave B. Watch for the FIB retracement level 38.2. For a BUY opportunity. Look for bullish reversal candle stick at 1.81475. The zone has both horizontal and sideways support.
I am looking to short AUDNZD. For the following reason.
AB=CD pattern
Fib Ext from ABC = 100% at point D
Previous S/R structure to the left dating back to year 2007.
