I share my forecast.
Uptrend this week was limited by a clear up fractal with a pin bar formation from where the pair begun to drop down breaking support fractal level and breaking the uptrend line. After breaking down the pair is testing up the resistance fractal level and consolidating to finally going down. This scenario is invalid if the pair breaks resistance overbought level.
If pair continues down, we can consider profit targets for shorts at 1,2250 and 1,2200.
All levels are calculated in bid price. Remeber to add or substract some pips regarding the type of trade and the spread of your broker.
Remember to do your homework and take your own decisions.
Uptrend this week was limited by a clear up fractal with a pin bar formation from where the pair begun to drop down breaking support fractal level and breaking the uptrend line. After breaking down the pair is testing up the resistance fractal level and consolidating to finally going down. This scenario is invalid if the pair breaks resistance overbought level.
If pair continues down, we can consider profit targets for shorts at 1,2250 and 1,2200.
All levels are calculated in bid price. Remeber to add or substract some pips regarding the type of trade and the spread of your broker.
Remember to do your homework and take your own decisions.
Note
Fractal level at 1,23902 is not giving up. Trend may continue up again. Exiting now longs at 1,2403.Will see new levels in order to enter the market.
Remember to do your homework and take your own decisions.
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.
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.