Technically:
- ABC correctin with maximum ext 1.618 ~151.60
- 0.618 of last big downward swing
- Maximum extension for this corrective structure
- bearish butterfly pattern
Entry: 151.550-151.65
Trade reponsibly.
Technically USDOLLAR should finish ABC corrective structure anytime now (this week)...
Technically:
- ABC correction
- Major SR zone
- Long term trendline (6 years)
- Bullish divergence ongoing (Switch to Weekly chart-divergence on weekly/monthly chart )
Target profits on chart.
Entry: 11660-11730
Trade responsibly.
We caught a very nice long in my previous setup:
Looks we are having corrective move after the breakout...price is retesting the broken trendline and 0.618 retracement.
There is very good entry area with great R:R ratio.
Technically:
- 0.618 retr
- retest of broken trendline
- possible iH&S pattern
- important SR zone
TPs marked on chart.
Trade responsibly.
