We've seen a sizable retracement with this pair, reaching the 0.78 fib level on the daily chart. however I believe the the pair is in a distinct downtrend.
The pair has broken both the CTL and inner CTL on the 4h TF as well as displaying a retest and rejection of these. Should this continue I believe this could go to the 0.72000 area and maybe further. Let's see how this plays out.
Would love any feedback ;)
Happy trading folks - G5B_FX
The pair has broken both the CTL and inner CTL on the 4h TF as well as displaying a retest and rejection of these. Should this continue I believe this could go to the 0.72000 area and maybe further. Let's see how this plays out.
Would love any feedback ;)
Happy trading folks - G5B_FX