Analysis on chart!
Previous dynamic support was broken and now we are testing structure support! Price at the time of writing this is coming down to retest this zone where we have 2x 1.272 Fib Extensions, 1.414 Fib Inversion, Potential Double Bottom and Divergence on the RSI!
If we are to reach this zone I am waiting patiently for an entry signal on this pair as we may well have a low risk high reward trade! A longer term target may be the previous dynamic support but I would look first at the 1.5430 area initially!
Please continue to hit that like button and comment away if you like this idea, all your support means a lot!
SMART TRADING
Previous dynamic support was broken and now we are testing structure support! Price at the time of writing this is coming down to retest this zone where we have 2x 1.272 Fib Extensions, 1.414 Fib Inversion, Potential Double Bottom and Divergence on the RSI!
If we are to reach this zone I am waiting patiently for an entry signal on this pair as we may well have a low risk high reward trade! A longer term target may be the previous dynamic support but I would look first at the 1.5430 area initially!
Please continue to hit that like button and comment away if you like this idea, all your support means a lot!
SMART TRADING
