The pair has broken out of the downward trend and is most likely going further north.
Having said that it is at a good level for a retracement before going long
Having said that it is at a good level for a retracement before going long
Note
Stops above XTarget 1 105.50
Target 2 104.50
Good Luck
Steve
Note
For anyone checking through my charts - this chart is the reason I changed my analysis technique from advanced harmonic patterns to wave theory. The patterns are like cycling with stabilisers (training wheels for our American cousins) They work sometimes but if you understand wave theory you'll understand where they work and where they don't work. This knowledge will save you a lot of money lost through trading harmonic patterns.
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Twitter: twitter.com/logicfxtrading
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
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.