The price has broken out of a channel pattern to the downside, which to me indicates we will see lower prices.
We have rallied to a 50% Fibonacci level on the 60min chart, therefore I am looking for a trip back to the recent lows.
Entry: 0.6819
Stop: 0.6838
Target: 0.6754
We have rallied to a 50% Fibonacci level on the 60min chart, therefore I am looking for a trip back to the recent lows.
Entry: 0.6819
Stop: 0.6838
Target: 0.6754
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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.