Since the long term trend line has already been broken in this pair, we now got a chance to catch a large amount of pips.
The price made its response after hit 0.618 retrcement.
Therefore we can expect the price go back to 1.5300 level to finish its right shoulder, as long as 1.59 doesn't break out.
If you are expecting a careful trade, wait until the 4h upward trend broken. Then find any chance to enter.
Trade carefully.
The price made its response after hit 0.618 retrcement.
Therefore we can expect the price go back to 1.5300 level to finish its right shoulder, as long as 1.59 doesn't break out.
If you are expecting a careful trade, wait until the 4h upward trend broken. Then find any chance to enter.
Trade carefully.
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