2017-05-20
Heading up to 112.667 - Trend shows reversal and a period of consolidation. If trend continuation on breakout then expect a future Fib D at 112.667 as the major target during next week. The retracement to 38.2 support a strong trend continuation bullish. There could well be a pull back before reaching this target, and another 38.2 pull back would hit support at current structure high - 111.167, before heading up to Target.
Heading up to 112.667 - Trend shows reversal and a period of consolidation. If trend continuation on breakout then expect a future Fib D at 112.667 as the major target during next week. The retracement to 38.2 support a strong trend continuation bullish. There could well be a pull back before reaching this target, and another 38.2 pull back would hit support at current structure high - 111.167, before heading up to Target.
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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.