This one is moving higher like a madman but almost for two days now, price has held below the 1.618 extension level. I'm not saying that this is the top because price is well supported and so far every dip has been bought but this is not the area where I want to be long.
I'd like to see a pullback towards the main channel to see how price action looks then. But if we get a strong break to the upside then 1.33 is probably quick to come. Time will tell. Watching.
I'd like to see a pullback towards the main channel to see how price action looks then. But if we get a strong break to the upside then 1.33 is probably quick to come. Time will tell. Watching.