I was able to find the pattern of this pair, create new low, retrace to 382 then down toward next extension 1.618 and it has been 3 retracement to 382 with one extension completion.
More to come. So every pullback we need to pay attention to fresh supply level and Fibo 382
More to come. So every pullback we need to pay attention to fresh supply level and Fibo 382
Note
that what we need to pay attention
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Whoever take this trade, should secure by dropping your SL
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price has made new low againNote
If you follow the movement until extension, it has reached target extension and we can see price pull back, if it making good pullback again, we will look for another entry
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it seems that no more extension as of now for this pair downsideNote
EMA reaction shows that more downside is expected
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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.