For those who are interested in something more exotic, then this is pretty looking chart.
I have done some analysis on it previously, where I identified the channel, but thought that it will break it and continue the downfall. Still ended up in profit, by shifting my stops.
In this situation, I think that there is a good chance for this pair to retrace at least to 69.85 level, and then maybe lower. But one step at a time.
I recommend to wait for today's Daily candle to close and then enter the position.
You can place a SL just slightly above yesterday's high of 72.094, around 72.15 (just in case this doesn't work out).
TP at 69.85.
Keep an eye on the price action!
I have done some analysis on it previously, where I identified the channel, but thought that it will break it and continue the downfall. Still ended up in profit, by shifting my stops.
In this situation, I think that there is a good chance for this pair to retrace at least to 69.85 level, and then maybe lower. But one step at a time.
I recommend to wait for today's Daily candle to close and then enter the position.
You can place a SL just slightly above yesterday's high of 72.094, around 72.15 (just in case this doesn't work out).
TP at 69.85.
Keep an eye on the price action!
