Touched on 79% FIB, expect to see a reversal back down to 1.2680...
Sweet spot FIB of 70.5% been holding for last 16 hrs, looking for a reversal back up to prior high of 1.19500
A break below trend line would signify a continued short for another 100+ PIPs... Squared area is a great BUY level as well..
FIB@149.22 holding last 12 hours and respecting the trend line as well. I expect a drop to 148.00 retesting trend line...
Daily and weekly view point to a SHORT, FIB, Bollinger bands and Trendline holding market in place for a SHORT...
Bounced off 0.61% Fib, entered short w/TP@1.9000
Entered buy @0.9761 for a TP@0.9813...Looks like a sellers trap area for last 2 days, expecting a nice swing back up...
Waiting for a retest of middle Bollinger Band then, if it holds then SHORT to 1st TP@87.00...
Bounced off of 0.61% Fib for a SHORT trade with TP@113.81 (major support area)
Entering BUY if price comes to 149.30 and maintains buying pressure.. SL@149.00
Trend line broken, may retrace a little before another good 50 PIP drop going a little past middle 20MA Bollinger band...
While I don't recommend entering a trade on a pair with data releases, this pair looks to be setup for a quick possible spike up (news driven) to test prior highs of 134.50 at which I would enter a SHORT. H1 view verifies market has pierced lower Bollinger band to help the move back up to upper band which lies at prior high of 134.50. TP goal of 133.96 (38% FIB...
While we did see a spike up of 205 PIPs early morning, on the daily view it seems to be forming a range. Bollinger bands support the range and indicate a short term down move. Expecting a retracement of at least 38% FIB level before possibly making another push back up to prior resistance level of 151.50. If it breaks below 38%FIB aiming for 2nd TP@149.13 (50%FIB).