I'll be constantly looking in the future on this pair for potential entries. Updates will follow soon.
I'll be constantly looking in the future on this pair for potential entries. Updates will follow soon.
Several Confluences, Strong rejections of level 87.5 & 88. The price is exhausted. Weekly - Strong rejection of 88.00 Daily - Bullish exhaustion. 4h - Strong Bearish Impulses with small bullish candles(possible retracements). Scenario 1. If the price counter trend holds and a break of the lowerline trend line support. A potential target would be 85.5(AB=CD...
Scenario 1. If the daily candle closes above this line. Potential Long Entry. Target 1 : 1.06, If the counter-trend line is broken, further bullish moves expected. Braking the counter trendline - next target would be 1.07 followed by 1.08 & 1.095. Scenario 2. If the daily candle closes below this line - Potential Target could be 1.04.
Bearish setup, Weekly - Potential Reverse - Doji Candle Potential Bearish Reversal Pattern.
Bullish Flag The price is most likely to do a lower low in the zone of 120.20 61% Retracement of AB.