Currenly at the .500 retracement and bullish trend line. Looks like it can go upwards from here. waiting to break above down trend line for increased probability. if breaks below .500 the next level is .618 retracement. well apply same rules as above.
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Watch for the low risk opportunity at the 112.211 mark on 4hr chart. if close above 112.211 I could go long with stop loss just below 112.200. tp @ 113.800 if close below with a bearish. I could enter short position with stop loss just above 112.211. tp @ 110.700.
Good luck guys!
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Short opportunity place stop loss just above 110.101 TP 107.880
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Approaching the .618 retracement on daily chart. should be a long opportunity with tight stop loss just under .618 retracement
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long position entered. SL 107.541 First TP target 110.235