We have a confluence of 3 fibs at 1.112s level. The 61.8 retracement of the big leg, the 127 extension and inversion of the last move. On top of that we have a major structure level and the trendline resistance ahead as well. We can wait and see our RSI at that level as well, which most likely it will be OB. So if we could press up into that pink box shown on the chart, could be a reversal zone.
Komen
pathaniasourabh
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Stoploss & target?????
ErfanParvini
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I would say 1.12s for stops, and 1.08 initial, and 1.05 secondary targets.
stream
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noo it cant go 1.11 .. its going down .. streai away ..
ErfanParvini
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In my opinion market can do anything :) but we are always prepared.