We see a revisit of the previously broken falling trendline / top of bullish pennant. This area also hold fibo confluences and previous structure- and resistance zones.
I use this area as a first level to put on another set of buy orders with targets 1.13 and 1.14. We might even see a retest of a previous strong resistance level starting at 1.146.
IF we continue down, the next area to put on buy orders for me would be 1.16 and 1.13.
Only if we violate 1.11 I see this pair as bearish.
Yorum
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We're heading into the weekend. Im closing one position here with 70 pips+ bagged
Remaining position I leave open into next week, with target remaining at 1.14