Interesting situation has rise: an almost formed macd Buy pattern (if reverse from 61-78 Fibo) and profit seller until 127.3.
In which direction price will prefere to run first?
I would set a Sell Limit at 128.000 where some SL clusters are, just in case. Also, it may be interesting to Sell until 127.235, where al profitable buyers were lost already nut also, big...
If the price reach 78 Fibo (may be 0.8885, below 78), there are chances to rise up to the 0 Fibo (0.8940)
Entry - 0.8890
SL - 0.8850
TP - 0.8935
Time estimated may be 3-4 days
Earning may be 450 pips
If the price will reach the 78 Fibi there are chances to lower from that point to 0 Fibo
Entry - 1.2150
SL - 1.2180
TP - 1.2095
Estimated time 3-4 days
Entry = 1.2665
SL = 1.26354
TP1 = 1.26959
TP2 = 1.2705
TP3 = 1.2726
These multiple TP may be valuable due to POC's and SL cluster positions
Estimated time 2-4 days
There are 2 situations:
1. if price get Zone 1, then Sell to Zone 2, SL=1.2048, TP=1.1133
2. if price get Zone 2, then Buy to TP=1.215, SL=1.06
Estimated time days or more.
Even in H1 (would be best in H4), it can be seen a divergence which may became a Sell oportunity, when price will has a reversal from 61-78 Fibo area.
Anyway, aPOC can be seen at 1.28571 which is above 78. This has to be observed to get the best entry point.
Entry - 1.28560
TP - 1.27676
SL - 1.28827
It's about of 890 pips.
The price looks floating for now, but the premise of being on 0.77 are very high, which means a good probability for a return. Else, there is a divergence on H1, therefor these two inputs driven to a Sell Limit. Expected TP would be near 0 Fibo, but can be easily moved to 0.7585. It's about 1300 pips...
