I've been eyeing this opportunity this since last week. Price have failed 5 times (and counting) to break and close below 1.0650 (seen on 4 hour), which also happens to line up more or less exacly with 61.8 fibonacci X-A.
We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit?
Overall, the break to the upside of the big triangle also gives a hint what this pair wants to do, diving down inside the triangle could be one last dip in the water before heading up.
We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit?
Overall, the break to the upside of the big triangle also gives a hint what this pair wants to do, diving down inside the triangle could be one last dip in the water before heading up.
Trade closed: stop reached:
Nope!