This has broken the channel and reached the support level. I expect this to correct before making another attempt at breaking the support level at 125.80. Take profit is at -0.272 Fib.
Note
This has absolutely melted downwards and has hit the TP but there was no resistance at the support level for a retrace. I would expect this to correct back to the previous support from here an find resistance to continue downwards. A good entry will be 125.7 with TP at 124.766
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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.