Watching for a potential pullback. 1.122-1.4 has acted as a zone of noise I call. I prefer trading off key support/res off bigger time frames so this one is one i may watch and scale into if we break down on lower TF.
If I do get into a trade (if this most recent high holds) ill look for a pullback to the .382 fib level (from july 6th- today) which also coincides with old resistance (may act as new support). I would take partials and go from here.
If we continue higher I want to see us get over 1.4 before going long
If I do get into a trade (if this most recent high holds) ill look for a pullback to the .382 fib level (from july 6th- today) which also coincides with old resistance (may act as new support). I would take partials and go from here.
If we continue higher I want to see us get over 1.4 before going long