A weekly close above key monthly resistance last Friday above 0.7550 gives us projections of upside potential to weekly resistance at 0.7780. Statement is supported by Fibo extension level 161.8%, a weekly break and close of monthly resistance @ 0.7550 , bullish engulfing candle pattern. We are waiting for further price action.... a retest/consildation around ...
Howdy, This could go either way so worth keeping an eye on this pair as today's candle has not finished yet We have as you can see resistance but that could break through and retest as new support to go higher or create a new lower low. As always any feedback welcome good or bad.....still learning before I go LIVE
EU go and back... the posibilite eu long and back at the seme zone
th think change the situation is ither.. eu go up
Crab with 2.24AB=CD (the 1.618 is way far behind to be at any importance) , 3.14BC projection and 1.618XA extension in the PRZ. SL @ 1.07. The RiskReward ratio is good standing at around 3.7. Since the RSI show such an oversold state I would personally execute the trade right after it touches the D point. Another important thing. Since the high volatility this...