DESCENDING TRIANGLE HAS FORMED, RSI AND STOCHASTICS INDICATING SHORT TERM LONG.
FIB RETRACEMENT KEY LEVELS ARE 0.618 - 0.5
BELIEVE TO TAKE PROFIT 1-2 DAYS THEN GO SHORT, AS ITS GOING TO CREATE THE THIRD TOUCH OF THE DESCENDING TRIANGLE.
HUGE PROFITS TO BE MADE HERE, but i could be wrong lol.
As we can see the pair had a bearish impulse move towards the end of the week. Therefore we will see a retracement at the beginning of next week and a possible short at the 50% area on the fib, down to 122.5 / 122.0, be patient and look out for long wicks.
