We have the following factors:
Things to expect:
+ Good price action in between the 61.8% and 70.5% Fib Levels
+ Be careful of fundamentals to come on USD
*If this is not met I wouldn't advice on taking this trade, and just wait for it to reach next swing low before searching for new entries.
Comments and Questions are Welcome!
Cheers!
- Good price reversal zone at 61.8% Fib (respected several times)
- New high formed
- Downtrend Channel Breakout
- Good R&R
Things to expect:
+ Good price action in between the 61.8% and 70.5% Fib Levels
+ Be careful of fundamentals to come on USD
*If this is not met I wouldn't advice on taking this trade, and just wait for it to reach next swing low before searching for new entries.
Comments and Questions are Welcome!
Cheers!