Interesting setup at the moment. After breaking out of the falling flag in the DAILY timeframe the pair decided to give itself a rest and started a small correction.
After the above mentioned breakout was confirmed, we decided to wait for cheaper prices and put our money on a LONG position once the time deems right. As a trigger we agreed on the 0.5 and 0.618 Fibonacci retracement - hence, we opened a long position once we hit that 0.5 Fibo.
Fingers crossed on that one.
After the above mentioned breakout was confirmed, we decided to wait for cheaper prices and put our money on a LONG position once the time deems right. As a trigger we agreed on the 0.5 and 0.618 Fibonacci retracement - hence, we opened a long position once we hit that 0.5 Fibo.
Fingers crossed on that one.