Waiting for third touch of trendline or a breakout. If bounce off the trendline, look to short at 1.14 psychological level, or at 0.786% or 0.618% fib level.
Breakout - look for 1:1, target 1.12162, SL 1.14050
0.786% rebound - look for 2:1, target 1.12162, SL 1.14050
Resistance area retest - look for rebound at 0.618%, 3.5:1 risk, target 1.12162, SL 1.15050
Breakout - look for 1:1, target 1.12162, SL 1.14050
0.786% rebound - look for 2:1, target 1.12162, SL 1.14050
Resistance area retest - look for rebound at 0.618%, 3.5:1 risk, target 1.12162, SL 1.15050
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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.