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ONCE AGAIN USING GEOMETRY
STEP BY STEP
As you can see, I've marked the previous RESISTANCE with a yellow line.
The paor managed to break that RESISTANCE, and RE-TESTED it, as we can confirm with the GREEN circle.
I'm expecting a pull back in order for the pair to settle a new SUPPORT, marked with the light blue lines.
We have 2 options here, marked with the RED circle :
SUPPORT 1 or SUPPORT 2.
In case the pair re-tests the SUPPORT 1, we'll have a 175 PIPS of TAKE PROFIT chance, with 50 PIPS of STOP LOSS.
If the pair descends a bit more in order to re-test the SUPPORT 2, we'll have a 230 PIPS chance of TAKE PROFIT, with 53 of STOP LOSS.
I don't have exact values ah the moment as I'm waiting to see our this pair will act during this trading session.
I will keep an eye on this pair for sure !