I've been long in this trade since last week, due to the pattern that formed and to my rules is still valid cause the x leg has not been violated. Anyways, The RSI level even though not overly sold gives me a small percentage that i might be correct, ATR levels also suggest that this might break anytime soon, in my direction i hope, due to the violet channel formed suggesting the upward trend of the pair, a break above the Pink PRZ suggest a move even higher that's why my target is set at the 618 fib extension with a trailing stop.
The pink PRZ has been respected many times in the past so this market would need a lot of leg to get through that, so some of you might want to take profits in that level. If the market goes beyond that ill be selling at 618.
The pink PRZ has been respected many times in the past so this market would need a lot of leg to get through that, so some of you might want to take profits in that level. If the market goes beyond that ill be selling at 618.