This pair has just retraced 78.6% to a low 110.40, and with RSI at oversold area, it is primed for a move upwards. Expecting volatility during NY session to start moving this pair towards TP112 with tight stops @110, risking 60 pips for 140 pips return.
Trade closed: target reached
TP @ 112 closed. Expecting Bearish 5-0 to kick in very soon..ADP news tmrw or NFP on friday could be the catalyst to move it down..More analysis to ensue on this pair on separate posting
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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.