The chart is set at TF 1H but it looks like to be set for medium term.
Expected Buy Rang 12414 - 12390 Stop Loss : 12360
Entry Setup as shown in chart. Stop Loss to be set at 0.90850
Stop Loss set at / 1942 TP Swing : 2134
Buy Opportunity based on daily uptrend, May be we will see 7 daily candles UP.
Key level to watch next week, continuation Downtrend below 12773 or more up towards 13607. So we are faced to 02 options: 1) Sell option below 12773 after retest; 2) Buy option targeting 13607 & 13667
As Shown, the tight stop loss is set at 2.06700 TP's are already highlighted as per Fibo Levels.
Short Opportunity , Target Set at 1.91050 Perfect D Leg is : 1.95784 Stop Loss : 1.96000
Maybe, we need to wait a bit to confirm real Oversold zone to go long.
Buy Setup according to Bullish Ascending Triangle in formation
Uptrend is in it's way! isn't it!? In fact, this pair is waiting for a good numbers to be boosted up. So let's see coming news.
Personally, I would like to opt for buy setup at 91.230
Trade the magic price range and the specified trend drawn with discontinued line.
There are more than one reason to go short as shown in this analysis. - Fibo level - Correction needed to have an impulse - historical levels from where the price was rejected
By adding discontinued line from the top. This is another way how to identify the target highlighted at 0.61 Fibo level.
As you can see, price closed below first Fibo level and look to take advandage of any buy opportunty if the pice will visit again the lower level.