Looking for potential continuation sell on this pair.
Price broke thru the inner trendline and is currently in the 38.2% fib zone for the move down.
If price respects this level, I anticipate a roughly 178 pip move to the down side to complete the entire move.
Price could potentially go back to .862XX area. Will hold and trail SL if we make the move to the downside.
Price broke thru the inner trendline and is currently in the 38.2% fib zone for the move down.
If price respects this level, I anticipate a roughly 178 pip move to the down side to complete the entire move.
Price could potentially go back to .862XX area. Will hold and trail SL if we make the move to the downside.
Commento:
Price can travel all the way to the start of the trend down. I anticipate it finding resistances somewhere btwn 38.2% fib level and 61.8%%¥ fib level.
