We broke out of downward channel. We are at point of retest of that broken channel around price of 1.58600. We have a second confirmation for a buy off of the 61.8% fib retracement. Look for a buy for potential 300 pip move.
Note
Putting stop loss behind fib of 78.6% still puts you in the trade. We are forming a bullish flag on the 1 hr and 4hr time frame.
JPC
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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.