From big picture view on weekly chart, I'd expect this pair to get to/above 115.00 level sooner rather than later. Dissecting 4h chart, it shown nice repetition - rise, pullback to 38.2 - 50 Fib level and repeat. Currently this 38.2 - 50 Fib area is right below 113.00, which should serve as support.
So, watching it at this level with targets above 115.00.
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
So, watching it at this level with targets above 115.00.
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
Let's see if 113 will hold.Order cancelled
No trade here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.