Hi guys,
i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection.
The divergence on the RSI additionally confirm our view.
Stop below the low, (conservative) targets as illustrated above.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection.
The divergence on the RSI additionally confirm our view.
Stop below the low, (conservative) targets as illustrated above.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: target reached:
First target hit! Stops moved to breakeven.
Trade closed: target reached:
Second target hit!