On the daily time frame the pair continues to the respect the T.L resistance from the beginning of the year or early Feb.On H4 the pair is trading wel below the H4 short term T.L resistance as well.On Hourly TF the pair seems to be trading inside a sideways range , moving back and forth between 115.20 and 113.80 , it recently broke out of short term rising wedge as well which might result in further retesting of the support levels around 114-113.80 . If we extend a fib retracement from the previous leg lower , we see that the price has tested the 61.8% area and went even slightly higher quite a few times only to fail and close back under the 61.8% level @ 115.08.
We will be looking for shorting opportunities on this pair for the short term
Daily TF :
H4 TF :
H1 TF :
H1 WITH FIBS :
We will be looking for shorting opportunities on this pair for the short term
Daily TF :
H4 TF :
H1 TF :
H1 WITH FIBS :
עסקה סגורה: היעד הושג:
SHORT ON BREAKOUT :