I think that the recent rally might still find some upside if a test of 1.0700 holds. As you can see on my chart, the 1.0700 level was a previous high. When we broke the 1.06776 highmarket flow turned north.
A hidden Optimal Trade Entry shows that the OTE fibs line up with the previous high and 1.0700 number. The 1.0700 level may provide a Long entry there. Concurrently, a short to that level would also produce some pips.
A hidden Optimal Trade Entry shows that the OTE fibs line up with the previous high and 1.0700 number. The 1.0700 level may provide a Long entry there. Concurrently, a short to that level would also produce some pips.
Note
Despite that time has exceeded 5 hours, this idea is still in play.
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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.