As you can see the prices rejected off the 78.6% Fibonacci retracement.
From this point I would like to see the daily candle to close below the zone for confirmation that this zone has been broken.
Then I will wait for a retracement and look for a short to the -27 which confluences with the 38.2% retracement of the weekly Fibonacci.
I will only take this trade if all my rules and entry confirmations are aligned.
_______________________________________________________________________________
Drop a like and let me know on the comments if you have any thoughts or if you have a different point of view on this analysis will be welcome.
________________________________________________________________________________
I suggest you to keep this pair in your watchlist to see if you can take advantage of this opportunity.
Before you trade my ideas please compare with your charts and do your own analysis.
The information provided on this analysis it is not a financial advised.
From this point I would like to see the daily candle to close below the zone for confirmation that this zone has been broken.
Then I will wait for a retracement and look for a short to the -27 which confluences with the 38.2% retracement of the weekly Fibonacci.
I will only take this trade if all my rules and entry confirmations are aligned.
_______________________________________________________________________________
Drop a like and let me know on the comments if you have any thoughts or if you have a different point of view on this analysis will be welcome.
________________________________________________________________________________
I suggest you to keep this pair in your watchlist to see if you can take advantage of this opportunity.
Before you trade my ideas please compare with your charts and do your own analysis.
The information provided on this analysis it is not a financial advised.