On this pair we have a head and shoulders pattern formed and broken. After the breakout we always wait for the retest. In this case the retest can happen probably on that blue zone with 0.618 level of fibonacci on it. The ichimoku cloud is on a sell postion so its okay. We just wait for the price to go to that zone and the stoch on overbought zone with a golden cross. This idea is a 500 pips trade. For any update youre gonna get notified by us!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.