The various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements , trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably...
Buy at Point D @ 113.305
Stop Loss @ 112.358
Target 1 Fib (0.382%) @ 115.339
Target 2 Fib (0.618%) @ 116.595
Trade management move stop loss to break even when target 1 is hit or split your trade in 2 lots and take out 1 lot at target 1 and let the other one role.
Pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line...
