Overview: Raanging Speculation: Uptrend However, we shall wait for completion of retracement @ fib .50 or .68 and join the rally. Potential TP @ 150pips (0.73380) SL @ 66pips (0.71410)
Overview: Trending in a range Speculation: Downtrend Pattern: Double Top TP1 @ 1.27730 (fib.50 retracement) TP2 @ 1.23930 (This is considered when the downtrend continues from 1.27730)
Looking at the flag pattern formation on the weekly chart. Observe a potential break out off the range as depicted in the call out on the chart. However, wait for a break of the resistance @ 1.13420 (BUY signal)
Expecting a retracement into fib. 0.5 @ 0.71310 after which the uptrend rally is emphatic