Again with fib level for EJ
Updated
This pair has reached 50% retracement zone. Though we have a newborn uptrend but at this point I think we need a little pullback for a long run. RR 1:2.5 still not bad to give it a try. Daily movement already bounced back from KUMO resistance, so I expect price to come back to near previous peak. Gotta wait it there. After all we have an inside bar setup right at the old peak. Have fun
Comment
However, this is a weekly analysis, so we should be becareful at entering short
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.