The pair looks to be an overall buy after break through the recent range of consolidation. Ranging on the weekly and we are currently at the low of the range descending wedge on the daily. On the 4H, head and shoulders pattern into recent consolidation and price is channelling in an uptrend. The fib levels (0= 1.12757 to 100=1.13717, 96 pips) suggests a measured move to the upside of the same length (0=1.13169 to 1.14129). I see the pair as a buy likely between 1.13164 - 1.13307 but this is subject to change depending on where price opens. For buys these are my likely
(Total move +111.2 pips for a BUY)
Entry: 1.13164 - 1.13307 but this is subject to change depending on where price opens
TP1: 1.13565
TP2: 1.13820
TP3: 1.14024
TP4: 1.14416
(Total move -96.1 pips for a SELL)
If the pair pushes to the down side for a sell meaning we’d break consolidation and breakout through the channel.
Entry: 1.13164 - 1.13307 but this is subject to change depending on where price opens
TP1: 1.13093
TP2: 1.12757
TP3: 1.12530
TP4: 1.12324
(Total move +111.2 pips for a BUY)
Entry: 1.13164 - 1.13307 but this is subject to change depending on where price opens
TP1: 1.13565
TP2: 1.13820
TP3: 1.14024
TP4: 1.14416
(Total move -96.1 pips for a SELL)
If the pair pushes to the down side for a sell meaning we’d break consolidation and breakout through the channel.
Entry: 1.13164 - 1.13307 but this is subject to change depending on where price opens
TP1: 1.13093
TP2: 1.12757
TP3: 1.12530
TP4: 1.12324