They may speak different languages but they are identical.
Now that´s a lovely chart there, is like to good to be true.
Be wise, don´t work for money make money work for you.
I believe we are due for a bit of "X"wave here to buy some time. If I am right then we are very temporarily bullish after completing a very classical looking zigzag. Goals in green, invalidation in red. Not financial advice, do your own research.
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Important: We trade a PULLBACK. Aggressive Trademanagement should be considered!
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Type: Swingtrade
Sell-Stop: 6.90
Stop-Loss: 6.9866
Target 1: 6.8118
Target 2: 6.7683
Targt 3: 6.7175
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I don't see this pair breaking the trend line and head higher but we will keep a lookout.
My idea: Short after the Fibonacci retrace to 61.8 - 76.4 range
The pair has traded off sideways support and to the upside we are now nearing resistance and there is good bull momentum so it is worth keeping an eye on this one for a break to the upside
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