We should see a bounce off the weekly pivot. Just waited for a confirmation of a Piercing line candle to form. 3TP set to scale out of the trade. But in the long run looking for TP around 1.34
Looks like a possible false breakout above the trend line if so look for price to possibly come down and bounce off the weekly or monthly pivot points before jumping back up for another test of the trend line! GL to ALL! Trade safe
Drew the fib off the weekly chart for better accuracy, but trading off the daily chart! Price rose to 1.345 then had a nice retracement down to .5 line around 1.284. Price has already rebounded and I'm looking for a finally price around 1.272 line around 1.378. GL and remember safe trading!