SHORTS ARE ONLY VALID IF WE GET A WEEKLY BREAK OF THE SUPPORT.
Let us break this down.
We had a downtrend, followed by a failure to breach of the weekly support creating a double bottom.
Since then we've had the pullback 61.8% usual retracement, which has held, creating another lower high for the next impulse move.
Great RR here 1.65500 is the target which is do able for this pair and it's usual movements.
Let us break this down.
We had a downtrend, followed by a failure to breach of the weekly support creating a double bottom.
Since then we've had the pullback 61.8% usual retracement, which has held, creating another lower high for the next impulse move.
Great RR here 1.65500 is the target which is do able for this pair and it's usual movements.