Risky to enter as got Interest rate tomorrow, but let's see how it works
Reasons to enter
1. Black trendline is still intact, and serving as a support.
2. A retracement back towards teh 38.2% fibo levels, and aiming for the 0% fibo or even -27.2% fibo levels.
3. A clear breakout of the weekly resistance was seen at 1.3200 (blue horizontal line). Hence, it's reaching upwards to find the next resistance, which is my fibo level -27.2% (1.3370).
EP: 1.3260
TP: 1.3370 (110 pips)
SL: 1.3220 (40 pips)
Reasons to enter
1. Black trendline is still intact, and serving as a support.
2. A retracement back towards teh 38.2% fibo levels, and aiming for the 0% fibo or even -27.2% fibo levels.
3. A clear breakout of the weekly resistance was seen at 1.3200 (blue horizontal line). Hence, it's reaching upwards to find the next resistance, which is my fibo level -27.2% (1.3370).
EP: 1.3260
TP: 1.3370 (110 pips)
SL: 1.3220 (40 pips)
Trade closed: stop reached
Stop lost was hit yesterday. >< Will set a better trade setup next time! ;P
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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.