Pair is in a bearish channel. Price is due a pullback. Retrace range 38.3% fib @ 108.10 to 61.8% fib @ 108.59.
Entries
1st at 23.6% fib @ 107.80
2nd at break of bottom channel trendline
3rd at 0% fib @ 107.31
TP at -27.2 fib @ 106.75
My TP will be @ 106.80
Entries
1st at 23.6% fib @ 107.80
2nd at break of bottom channel trendline
3rd at 0% fib @ 107.31
TP at -27.2 fib @ 106.75
My TP will be @ 106.80
Note
I re-adjusted the fib line with the top at 108.70. Pair has already retraced back to the 50% fib so be prepared for this pair to fall through the bottom channel trend line early next week and enter with 2nd and 3rd entries if there is no further retrace.
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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.