Base on the market structure given in the 4 Hour timeframe. A CHOCH has been formed and this would make this pair and interesting one to look at as the price now has reached all 3 fibonacci retracement levels. I believe that this set up is valid and worth to look at.
I will only be participating in the market if there are any reversal confirmations within given zones. As of now price has yet to reached the given zone.
I will only be participating in the market if there are any reversal confirmations within given zones. As of now price has yet to reached the given zone.
Order cancelled
The price did not managed to pullback into our zones. Therefore I am cancelling this trade and waiting for other opportunities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.