Price has consolidated well since previous bullish move. We've seen a retrace with the 0.764 Fibonacci retracement level being pierced and price settling on the 0.6 which is acting as the next major support level for this pair. With a strong bullish break out of the descending trend line coupled with a shift from bearish to bullish sentiment on the volume indicator, this presents a great buying opportunity!
Take Profit, im looking at 1.6 and 2 Fibonacci extension levels as the main take profit areas.
Take Profit, im looking at 1.6 and 2 Fibonacci extension levels as the main take profit areas.