Don't judge me too much on this, because this is just an idea.
So, it had its rebound in the end of July, had a good run to the upside, where it retraced 23.6%. Now on a lower scale it has retraced 61.8% already.
Ideally, I would like to see a good recovery of the Dollar, which would push this pair higher.
Initially, I would be aiming for 1.29450 (~38.2%) with the potential to go to 1.31100 (~61.8%).
But it doesn't matter what I want, the market has got already a plan of its own.
Keep an eye on the price action!
So, it had its rebound in the end of July, had a good run to the upside, where it retraced 23.6%. Now on a lower scale it has retraced 61.8% already.
Ideally, I would like to see a good recovery of the Dollar, which would push this pair higher.
Initially, I would be aiming for 1.29450 (~38.2%) with the potential to go to 1.31100 (~61.8%).
But it doesn't matter what I want, the market has got already a plan of its own.
Keep an eye on the price action!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.