Hey Guys!
So this pair has just broken a hugely important trend line, and I believe that a continuation is in order, simply due to the candlestick patterns and fib levels.
Fibs: The price action just passed an important fix extension level, and now I'm expecting a drop to 0.73.
CP: The number of dojis and pinbar candles in the last few weeks is incredible, and it seems that the price simply can't fight higher.
I'm in 5 SL short @ 0.74306, with a TP @ 0.73243 and a SL @ 0.74654.
Cheers,
AW
So this pair has just broken a hugely important trend line, and I believe that a continuation is in order, simply due to the candlestick patterns and fib levels.
Fibs: The price action just passed an important fix extension level, and now I'm expecting a drop to 0.73.
CP: The number of dojis and pinbar candles in the last few weeks is incredible, and it seems that the price simply can't fight higher.
I'm in 5 SL short @ 0.74306, with a TP @ 0.73243 and a SL @ 0.74654.
Cheers,
AW
