I don’t trade this pair but it has bullish potential to move to up the red line . SL is the yellow.
It touched the trend line (Blue line) and back off so from here, we will either continue up to to test 1.2380 or drop back down below 1.20. A H4/H1 close above trend line confirms the upside. GL
H4MACD is starting to turn bullish.(see red line crossing the blue line) once that’s done we will see more rises
I’m looking for a sell positions to TP at 51.80 since it’s pretty much confirmed right now. Potential sells could be 55.80 or 55.25
I will be selling 1.2080 with TP 1.1980. The green line is the weekly bearish descending line.
I will be buying at 1.2110 with TP 1.23. High volatility expected next week!.
Very short term confirmed target: 55.50. SOER. Potential target: 54.50
1.2166 is now confirmed. A 15mins close below 1.2166 and next target would 1.2140. I will be buying 1.2166 for target 1.2210.
Since it broke above 55.80 and the HH and LW formation. I believe we will retest 57 and possibly create a double top and then continue down. Another scenario is breaking above 57 and continuing to 62 to touch the triangle line.