Hello,
I will be taking this retest of structure to buy at 0.70400.
This pair on the Daily is still in down trend, but we do have room to move up.
A retest at this structure will complete a nice Eliot wave, that I have marked off. There is also a Harmonic leg
from 0-1 and 4-5. if it reaches the previous structure. This is a good opportunity to take this long for 90 pips.
and then short when finished. When it reaches the 5 point, on the Daily it puts price in between 0.618 and 0.786.
And with the Daily still being in down trend we can sell this with trailing stops.
Good luck.
I will be taking this retest of structure to buy at 0.70400.
This pair on the Daily is still in down trend, but we do have room to move up.
A retest at this structure will complete a nice Eliot wave, that I have marked off. There is also a Harmonic leg
from 0-1 and 4-5. if it reaches the previous structure. This is a good opportunity to take this long for 90 pips.
and then short when finished. When it reaches the 5 point, on the Daily it puts price in between 0.618 and 0.786.
And with the Daily still being in down trend we can sell this with trailing stops.
Good luck.