30pts up today just isn't enough to reverse the Long Bear for this pair.
4hr Fib study Golden ratio is not that far away. Also a simple parallel channel puts this right into the .786 (115.072) to .618 (117.001) zone which should be expected considering recent efforts made by the market to get down into this trading range.
There is actually a possibility we could see $99 zone in 2018 but for now downward momentum remains strong in the 115-117 trading range before any possible run upward.
4hr Fib study Golden ratio is not that far away. Also a simple parallel channel puts this right into the .786 (115.072) to .618 (117.001) zone which should be expected considering recent efforts made by the market to get down into this trading range.
There is actually a possibility we could see $99 zone in 2018 but for now downward momentum remains strong in the 115-117 trading range before any possible run upward.
Trade active
looking at possible market formation - M @ 117.85 verify the Bull continuation1st stop target is 117.01
Trade active
going to keep an intraday target of 117.67no need to get greedy
Trade closed: target reached
Hope you made some pips on the way down - Our target has been reached 117.01 and this study is closed. Time will tell if the market makers wish to run this into a strong Bull or keep price in a relatively large 786-618 trading range.Chears
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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.