Hi. This is my overall look on this pair for the next 1 - possibly 2 - weeks to come. We have trades in place for whatever the markets throws at us.
1) If it goes down relativly soon i will be buyin the 61.8 retracment of the latest (orange) upmove to look for more upside.
2)if we however dont reverse and shoot up straight i will be looking to sell based on the shark at the upper solid blue line.
3) if we somehow break below the the lower solid blue line, i will be heavily lookin to sell with great downside potential if you take a look at the daily chart.
1) If it goes down relativly soon i will be buyin the 61.8 retracment of the latest (orange) upmove to look for more upside.
2)if we however dont reverse and shoot up straight i will be looking to sell based on the shark at the upper solid blue line.
3) if we somehow break below the the lower solid blue line, i will be heavily lookin to sell with great downside potential if you take a look at the daily chart.
