This is the reason why we are so blindly short this pair while not looking at the HTF
For the 1W timeframe, it completed 61.8% pullback of the closed above 50% Fib heading to 38.1% or might be higher to 26%
But so far for the 1D TF, we can see will retest the fvg at 68.1% Pullback or even higher at 78%
We keep looking at 1H to 4H target but don't see the high time frame Fib. This cause a lot of people losing the money. So trade wisely, this is my 1D target, CHOCH is also confirmed in the Daily chart, it will heading back to 1.80 right now or even higher at 1.10.
However, if the price keep surpase 1.13, Week Fib will come into play
Goodluck
For the 1W timeframe, it completed 61.8% pullback of the closed above 50% Fib heading to 38.1% or might be higher to 26%
But so far for the 1D TF, we can see will retest the fvg at 68.1% Pullback or even higher at 78%
We keep looking at 1H to 4H target but don't see the high time frame Fib. This cause a lot of people losing the money. So trade wisely, this is my 1D target, CHOCH is also confirmed in the Daily chart, it will heading back to 1.80 right now or even higher at 1.10.
However, if the price keep surpase 1.13, Week Fib will come into play
Goodluck
Note
Buy Deep at 1.038-1.036Trade active
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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.
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.