From big picture view on weekly chart, I'd expect this pair to get to/above 115.00 level sooner rather than later. Dissecting 4h chart, it shown nice repetition - rise, pullback to 38.2 - 50 Fib level and repeat. Currently this 38.2 - 50 Fib area is right below 113.00, which should serve as support.
So, watching it at this level with targets above 115.00.
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
So, watching it at this level with targets above 115.00.
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment:
Let's see if 113 will hold.
Order cancelled:
No trade here.
