this pair has reached 0.71600 which is a supply and demand zone.
the pair has been on a downtrend since February 2018 with four trendline retests whilst on the way down.
the pair consolidated during the months of July and August.
on the 15th of August 2018 the first rejection occured and the market retraced to 0.236 (0.73880) on the Fibonacci Retracement Tool before going Bearish again.
Trending from 0.73600 down to 0.71702.
this pair has not been in this zone since the 22nd December 2017.
today at 09:30 we witnesssed our second retest which was rejected.
there after seeing our first retrace which is higher that the previous test.
I see 0.71900 as a good Buy area to go LONG
the pair has been on a downtrend since February 2018 with four trendline retests whilst on the way down.
the pair consolidated during the months of July and August.
on the 15th of August 2018 the first rejection occured and the market retraced to 0.236 (0.73880) on the Fibonacci Retracement Tool before going Bearish again.
Trending from 0.73600 down to 0.71702.
this pair has not been in this zone since the 22nd December 2017.
today at 09:30 we witnesssed our second retest which was rejected.
there after seeing our first retrace which is higher that the previous test.
I see 0.71900 as a good Buy area to go LONG