Special cycle has formed on the H4 chart. I'm expecting a correction towards 50% fibonacci retracement of the whole move.
For the entry wait for a breakout of the trend line from this zone if the high holds, if it pushes higher look for 1.5530-80 zone to be reached, then draw the most recent trend line and go short with the breakout.
Target 1 – 1.5250
Target 2 – 1.5120
Target 3 – 1.50
For the entry wait for a breakout of the trend line from this zone if the high holds, if it pushes higher look for 1.5530-80 zone to be reached, then draw the most recent trend line and go short with the breakout.
Target 1 – 1.5250
Target 2 – 1.5120
Target 3 – 1.50
