Here is our updated setup
Kommentera:
First short term target reached!
Kommentera:
short term target 2 almost reached
you can book partial profit since we can see pullback at this point.
you can book partial profit since we can see pullback at this point.
Kommentera:
very nice! short term target 2 full reached.
now i will wait for daily candle to close.
A close above 1.1220 would be nice for our setup
now i will wait for daily candle to close.
A close above 1.1220 would be nice for our setup
Kommentera:
A potential Butterfly pattern could support our view but let's wait for market open.
Kommentera:
UPDATE:
price dropped again very fast reaching again the BUY area (around 1.1150).
Pattern is still valid.
If the current candle close above 1.1165/80 there are good chances to reach the target soon.
On the other side a break below 1.1150/45 will send us to 1.1120 (AGAIN) and below it opens the door to 1.1080 - 1.1050.
I'll update the chart later.
price dropped again very fast reaching again the BUY area (around 1.1150).
Pattern is still valid.
If the current candle close above 1.1165/80 there are good chances to reach the target soon.
On the other side a break below 1.1150/45 will send us to 1.1120 (AGAIN) and below it opens the door to 1.1080 - 1.1050.
I'll update the chart later.