With such a strong bullish push on the daily and looking at past market data my trade idea is that this pair can react off the major zone of resistance for some time then begin to sell it's way back down to its support zone.
Also, my fib retracement calculations have shown that the current daily candle is dancing at the 78.6 level which would predict what I started previously.
Only time will tell but for now i would hold out on any orders as it's quite early.
This could be a quite lucrative swing opportunity..
Cheers!
Also, my fib retracement calculations have shown that the current daily candle is dancing at the 78.6 level which would predict what I started previously.
Only time will tell but for now i would hold out on any orders as it's quite early.
This could be a quite lucrative swing opportunity..
Cheers!