The targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs on this pair with either a strong rejection of the marked lower level (.902) Or with a break and pullback of this channel top.
this level gives a nice confluence in also being the 618 on the fib retracement on the trend move in the day/week view.
We have nice divergence across our histo to vouch.
Now its just time to let the markets wake on Sunday night, reveal a little more price action and find a confirmed entry ideally in the 4 hour.
If we can get the break of this channel, .924 & .934 are the targets. I have another more ambitious target further up, but for now that will do.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs on this pair with either a strong rejection of the marked lower level (.902) Or with a break and pullback of this channel top.
this level gives a nice confluence in also being the 618 on the fib retracement on the trend move in the day/week view.
We have nice divergence across our histo to vouch.
Now its just time to let the markets wake on Sunday night, reveal a little more price action and find a confirmed entry ideally in the 4 hour.
If we can get the break of this channel, .924 & .934 are the targets. I have another more ambitious target further up, but for now that will do.