This is by no means financial advise, just my opinion :) Retracing from 50% Fibonacci furthermore failed to break previous highs. Needs to however break 1.25 resistance however already has once before in last low.
Price broke below support and is now coming up to test new resistance (old support). Using 61.8% - 78.6% as an area to watch price action , also in line with new resistance.
This is by no means financial advice this is just my prediction :)
Retested the 1.29800 resistance and now looking for a continuation of the downtrend , also broke the ascending 1h trendline
Allowing room for market to breathe hence the stop loss
This is by no means financial advice just my prediction feel free to comment and help me out :)
We have seen price break out of resistance and come back to retest the new support (old resistance) and will now wait on a buy confirmation to continue to the upside
1st Publish , this is no means financial advice i am just publishing my prediction :) comments will be appreciated.
Simple trend trade here looking to enter upon market open 1.70500
tp1 1.718
tp2 1.721
