Short Idea
A week ago pair closed below short-term trend line support and last weekly was rejected from 20 week EMA and form a bearish pin bar and closed below trend line support. Pair is now targeting to 105.50 zone, which is a horizontal and 61.8 Fib support level from 2016 June to 2016 December rally. If this idea works, we will have a potential 2.5R trade.
"Trading is a game of probabilities, not certainties"
"Trading is a game of probabilities, not certainties"
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.