this pair is currently in consolidation and has formed a wedge pattern that we have broken above and closed i am looking for an initial target of around 109.346 were we have seen some strong resistance however if we break this level i am looking for further targets above
bearish bat pattern completing at 158.6636 this pattern also completes at a previous support level and rsi is almost oversold as we approach entry price. my bias for this pair is currently bearish so could possibly look for extended targets below the previous lows.
looking for a move up into the potential reversal zone highlighted in yellow around the fibonacci extension level of 0.786 in order to get short. This is a trend continuation trade and i am looking to achieve a lower low lower close below 2.03961
Risk reward ration around 3:1