We are now at an extreme low, this pair has only been around this sort of level 3 times in its history! So that being said when I spotted price making lower lows and the RSI making higher highs I was just waiting for an entry. On the H1 time frame we are now creating a support area. Looks like a great trade setup 🔥
I agree with your chart but I think there may be a dip to about 1.1654 first. This current move down is a retrace and extension of the move up that started on 18th May (Daily Chart). The FIB 127% is 1.1583 but I think it will fall midway between that and the fib 100% which has already passed at 1.1728.
sadra_11
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ithink its false the chart broked the risitance and pushing to down sell its corecct
Ash_FXtradingMadeSimple
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@sadra_11 on the monthly chart it’s just gone into the support zone not broke it, on the h1 it’s now found a support level. We’ll see, one of us will be right unless it goes sideways lol
Ash_FXtradingMadeSimple
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