After a strong decline last week this pair is about to make correction.
Here on H4 chart we have a nice confluence of two corrective channels.
We have also:
- AB=CD pattern
- ema 200 acting as support
- round number 1.75000 (the label on the chart is not correct)
Today price opened with a gap. I will wait for this gap to be filled and place buy limit orders at 1.75000
The pullback should not be very deep so im placing a short term target to take partial profits as soon as possible. The other two targets are optional and depends on each trader's MM.
Best regards.
Here on H4 chart we have a nice confluence of two corrective channels.
We have also:
- AB=CD pattern
- ema 200 acting as support
- round number 1.75000 (the label on the chart is not correct)
Today price opened with a gap. I will wait for this gap to be filled and place buy limit orders at 1.75000
The pullback should not be very deep so im placing a short term target to take partial profits as soon as possible. The other two targets are optional and depends on each trader's MM.
Best regards.
