Pair broke important resistance line with strong impuls and finished week above 1.3000 level.
This can indicate that price will continue up to reach 1.380 where is 50% fibonacci from previous big fall.
Before moving up we expect that price will retrace to confirm 1.3000 level whic is now new support before continuation up.
From that level we can have nice opportunity for an 1:3 RR long trade.
If you like this idea, give it tumb up and leave a comment.
This can indicate that price will continue up to reach 1.380 where is 50% fibonacci from previous big fall.
Before moving up we expect that price will retrace to confirm 1.3000 level whic is now new support before continuation up.
From that level we can have nice opportunity for an 1:3 RR long trade.
If you like this idea, give it tumb up and leave a comment.