A clear Bull Flag is forming on the 45 min and 4hr chart, the length of the pole give us a 2.40 target which also is very close to the .618 fib ret. also in the 45min chart we are entering in over sold conditions that may give the bulls momentum. In order for the target to take place we need to break the 1.80 resistance.
On the other hand if we go under 1.40 I suggest to stop losses and wait to see if the correction isn't over.
Happy trading.
On the other hand if we go under 1.40 I suggest to stop losses and wait to see if the correction isn't over.
Happy trading.