As you can see, we have a clear breakout of a falling channel. We are waiting for a retracement, a reversal pattern and then continuation of the breakout. Preferably we want the retracement at 0.618 or 0.5 fib level because of it's big accuracy in this pair. Take profit 1 is in previous structure high and take profit 2 is in AB=CD completion which happens to be 1,414 fib extension lvl which is one more confirmation.
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.
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.