Bit of a messy chart here, but we can see the pink bullish trendline being broken and retested earlier today. Price has been trending inside the black channels, forming a flag pattern.
What I'm looking for next week is price to drop to 1.30500 and look to buy around that area, which was previous support + we have the 38.2% Fib retracement there.
Target would be 1.31777.
What I'm looking for next week is price to drop to 1.30500 and look to buy around that area, which was previous support + we have the 38.2% Fib retracement there.
Target would be 1.31777.
Trade active
1.3055Trade closed: target reached
1.3180
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Related publications
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.