Price recently broke out of consolidation to the upside with a strong move on 03/02/2016 and followed up with another strong day showing me the Bulls are in control! So I am looking Long on this pair!
I would be looking at a pullback into structure for an opportunity to get Long where we also have a 0.382 retracement!
Ive highlighted where I believe price will go and that is the 1.1450 area which is the next major level of resistance! There is also a harmonic move ive highlighted which completes at this level!
We also have a Bat Pattern that completes at this level for any trader looking for a Short opportunity (if anyone would like me to post this pattern send me a message)
This trade would offer a nice risk reward if we do get a chance to get involved!
If you like the idea and analysis please do hit that like button and continue to show your great support! It means alot!
Ric
I would be looking at a pullback into structure for an opportunity to get Long where we also have a 0.382 retracement!
Ive highlighted where I believe price will go and that is the 1.1450 area which is the next major level of resistance! There is also a harmonic move ive highlighted which completes at this level!
We also have a Bat Pattern that completes at this level for any trader looking for a Short opportunity (if anyone would like me to post this pattern send me a message)
This trade would offer a nice risk reward if we do get a chance to get involved!
If you like the idea and analysis please do hit that like button and continue to show your great support! It means alot!
Ric
