A 45 degree trendline price break likely can send this pair north. It is in an up ABCD swing with the DAILY D at 1.7455. I am looking for the drop to the .786 retracement at 1.6358 level and a buy up the D extension. This is a 2:1 swing trade. Stop below the last pivot low. So, let's find the C somewhere below the 618, preferably at the 786. Thanks!
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Actually order active... Im still waiting on this one. will check Sunday night. Have a wonderful weekend everyone.
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We now have the right tip of the crown in place. I believe that we can be trading this down from 167 into the support at the 618 and then into the .786. I'm waiting to see how it sets up from the potential C which I have defined.
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hope.bleecker
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Beware take profit bounce area at this AB boundary... Stay on top of it.