Long immediate at 1.72 (with stop loss just below 1.65) and short term upside to 1.89.
There is a chance an inverted H&S is setting up (longer term bullish if confirmed). Will revisit when it gets there.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
There is a chance an inverted H&S is setting up (longer term bullish if confirmed). Will revisit when it gets there.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Comment:
Took partial profits as CMT went and hit the neckline @ 1.90, hoping for the rest to breakup but it did not. Now retracing and I will likely get out of the rest if it goes below 1.75 (61% fib retracement from the recent small swing from 1.65 to 1.90).