Downward channel formation on the Daily time frame at an area of support. The pair has now retraced back to the 50% fib from 3rd March 2016.
Potential for long after retesting this support area and bouncing upwards.
Further areas of confluence are the 200 SMA which the pair is also testing at this level!
Potential for long after retesting this support area and bouncing upwards.
Further areas of confluence are the 200 SMA which the pair is also testing at this level!
Trade active
Bought at 0.99684 on B/O of channel
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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.