is formed between 113.777 and 113.910, and if price even get's that far.
A close above would negate a valid and send this market
much higher from there.
If the is formed, target 112.481 first, and a close below that will
target 111.087/050 below which is at the 1.618 Fibo extension as well as support from Septembre this year.
Entry strategy 1: a conservative approach would be to wait until price closes below 112.481 with stops above
Entry strategy 2: an aggressive approach would be when a candle closes below the , with stops above 113.910 - 113.777.
Target 112.481 nonetheless first, if choosing the aggressive entry strategy.
Also, keep an eye on the DXY , although it looks like it will continue it's , on the daily time frame the indicator (settings 14,3,3) has not
yet reached the oversold region below.