So far I am still bearish on this pair.
There are two potential reversal zones (short term) marked on the chart.
1st: Gartley + 0,5retr @ 0,742-0,7425
2nd: Bat + 0,618retr @ 0,7400
Look for price action if prices gets there.
Trade responsibly.
There are two potential reversal zones (short term) marked on the chart.
1st: Gartley + 0,5retr @ 0,742-0,7425
2nd: Bat + 0,618retr @ 0,7400
Look for price action if prices gets there.
Trade responsibly.
Comentarios:
This pair has already caught ~40 pips, we are still in a downtrend so it's pretty risky to hold it. If you didnt close your trade, you may move your stops to BE, and wait for one more upward move. If you feel uncomfortable close it and wait for another setup. There is possible AB=CD on 1H chart, with sell setup around 0,7470. Do not forget about harmonic setup around 0,7400, another chance to catch 20-30 pips. Keep in mind broken trendline.
