I have a great set up here which I have been profiting by shorting all the rallies. I am waiting for a good entry to swing trade this pair. A break of the Resistance level 118.90 will invalidate this set up.
Risky entry will be now where price can bounce off the symmetrical triangle to downside. This is likely because of the gap that could be filled @117.50.
Conservative entry will be the break and retest of the 115.50 handle!
This will coincide with a breakout of the current daily Symmetrical Triangle illustrated by the thick black trend lines.
My targets are potential Fib D extensions!
Trade well friends !!
R
Risky entry will be now where price can bounce off the symmetrical triangle to downside. This is likely because of the gap that could be filled @117.50.
Conservative entry will be the break and retest of the 115.50 handle!
This will coincide with a breakout of the current daily Symmetrical Triangle illustrated by the thick black trend lines.
My targets are potential Fib D extensions!
Trade well friends !!
R