H4 - We were after sells with this pair and the push lower that we were waiting for happened, so now its time to switch for bullish and buy setups.
Price is nearing the bottom of the bullish channel, we have a double cycle down.
Based on the fibo extension levels the two potential zones to look for bullish reversal are the 61.8% and 100%.
Once a bullish reversal happens we may then go long with the breakout of the downtrend line.
Price is nearing the bottom of the bullish channel, we have a double cycle down.
Based on the fibo extension levels the two potential zones to look for bullish reversal are the 61.8% and 100%.
Once a bullish reversal happens we may then go long with the breakout of the downtrend line.