The pair is supported by a nice parabolic curve which has shown multiple supports over the last days.
This morning we have broken a structure to the upside, indicating buyers are in.
We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels
Check out the ZOOM below to understand what happened.
Trade at your own risk
This morning we have broken a structure to the upside, indicating buyers are in.
We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels
Check out the ZOOM below to understand what happened.
Trade at your own risk
Note
Zoom on M15Note
Trade closed: stop reached
The pair dropped too much, I'm out of the trade
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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.
Related publications
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.