A-SUMMARY : We FAVOUR Wait for Down-trend to Run its COURSE. Then LONG the PAIR !!
Both Month & Weekly suggest LONG Continuation ! – Strong Up move to Upper Wedge (Zone FIBS 78.6%1.94373 &1.205478) WEEKLY Chart :
B-Current Week cum NEXT WEEK Analysis: (Y180427 - Friday to Y180504) DAILY Chart : > This pair should weaken short-term . > Look for CHANNEL Break !!-IF it does Wait for LONG Opportunity (Counter Trend Trade can also be done ! - ie 200 PIPS to tale also ! This is a TRADING CHOICE !!) > Could retrace to FIB50% @ 1.78295 & Trendline Zone 1.80211 > Look for H4/H1 Entry @ Trendline OR Pull Back
We FAVOR A LONG Thereafter-Wait For Trade To FORM !!
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