Trade Idea
A bullish reverse Head and Shoulders is forming.
The medium term bias remains bearish.
We have a 78.6% Fibonacci pullback level of 1.2588 from 1.3380 to 1.2373.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy a break of 1.2605
Stop: 1.2560
Target 1: 1.2710
Target 2: 1.2750
A bullish reverse Head and Shoulders is forming.
The medium term bias remains bearish.
We have a 78.6% Fibonacci pullback level of 1.2588 from 1.3380 to 1.2373.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy a break of 1.2605
Stop: 1.2560
Target 1: 1.2710
Target 2: 1.2750
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.
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.