It has been in love with EMA for tha last week move, with that sign, I would expect that new low should be achieved and the target coincide with demand zone
I see correction move from new low, I would expect reaction on redzone or EMA to guide if short is favorable. If that happens 300 pips downward before look for long
If Price provide some pullback tomorrow opening, even better
some bullish momentum with breaking down trendline
Watching the level and see if downside momentum developed later
Interesting level, might be another up to squeeze but wait for momentum to downside if this scenario will play out.
I am watching this pair for long opportunity
Might enjoy some bullish movement from this demand zone
Wait for the price break trend line
Good retracement to EMA after trendline break, a rule base entry
Level tested and show a few failure, H&S , now is just waiting for trendline break and momentum candle
no need rush, if its gonna fly, there are too much space upside to be explored, trendline break and momentum as confirmation
I was able to find the pattern of this pair, create new low, retrace to 382 then down toward next extension 1.618 and it has been 3 retracement to 382 with one extension completion. More to come. So every pullback we need to pay attention to fresh supply level and Fibo 382