Hoping to see some trend continuation with this pair. We’ve had a nice pull back to the 0.382 fib level which aligns with previous support back in august, we night see some more downside but toward the 0.5 fib, if any lower than this, ill be out of the trade to find another long entry further down the line. However, the 4 hour candle has just closed nicely above, so i hope to see this pair continue moving up from here.
Target will be the 0.8800 level. Aligning perfectly with the 1.618 fib extension level.
Target will be the 0.8800 level. Aligning perfectly with the 1.618 fib extension level.