After failing to make new lows, we may see a corrective structure here at least. It is looking as if it is unfolding into an ABCD pattern and we should look to buy 61.8% fib retracement of leg A-B
Trade active
Good luck to everyone following this chart...Note
Trade update...The position taken earlier today is now in 20 pips profit. My trading plan is that my Stop Loss is now moved to break even.Trade closed manually
Lack of momentum has made me close this trade early for 30 pips profit..will keep monitoring this pair
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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.