SHORT DOLLAR LOONEY OPPORTUNITY
After bouncing off the 100% Fib Extension, the pair hit resistance at the 38.2% and is now hovering just over the 1.3000 round number. I'm awaiting a valid close below the entry zone which is between 1.30235 and 1.29935. A decisive close below this level could lead to a potential +300 pip move into the 1.618 - 2.000 Fib Extension area.
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.