Now on the 4H timeframe, we can see this ccy pair is in an upward channel and just hit the support.
I will be using the fib retracement on the 1H timeframe to determine when to enter the market and as for now, will probably wait if candlestick closes above or below support of 0.71607 to decide if should go long or short.
All in all, I am expecting this ccy pair to continue its uptrend still (as seen in the bigger picture)
I will be using the fib retracement on the 1H timeframe to determine when to enter the market and as for now, will probably wait if candlestick closes above or below support of 0.71607 to decide if should go long or short.
All in all, I am expecting this ccy pair to continue its uptrend still (as seen in the bigger picture)