This is my analysis for this pair and i am only gonna place a trade if i have a valid entry rule. Remember you need to be patience enough for the market to play along.
This is my analysis for this pair and i am only gonna place a trade if i have a valid entry rule. Remember you need to be patience enough for the market to play along.
This is my analysis for this pair and i am only gonna place a trade if i have a valid entry rule. Remember you need to be patience enough for the market to play along.
As expected a pullback was made into the previous zone of support now turned resistance. So with the right confirmation ,we should probably expect a continuous push to the down side . Targeting 1.2853
After a pullback to support, we expect a possible push up to 8454.5 and we are going to place a trade only if we have the right entry rules.
After a possible pull back to the golden ratio (61.8), we will be looking for a buy confirmation to our target which is 1.12313. Remember that trading requires patience.
The market broke out from resistance which is now support, and so we are waiting (if we get the right confirmation) for a possible pull back to 1488.30 then we go long.
waiting for a break out to the lower side and a possible pull back for a good entry point