So Im short the pair long term have been for a while , but today's close is important as it will give us an average flavour of where the sellers are on this pair.
Its broken the T/L support on the daily's , and its already forming a bearish candle again on the weekly's , if we close on another red candle this would confirm sellers are in fact in control here which is ideally what we want but there's no rush this is a trade where patience and experience will render good rewards....
Key area 1.1180- 1.1190 area close below this and we have broke the 0.618 fib support, we have touched it... but not pierced it yet, so this will be the line between near term support for the buyers holding on and the sellers slowly gaining control .....
Have a great weekend .....
Its broken the T/L support on the daily's , and its already forming a bearish candle again on the weekly's , if we close on another red candle this would confirm sellers are in fact in control here which is ideally what we want but there's no rush this is a trade where patience and experience will render good rewards....
Key area 1.1180- 1.1190 area close below this and we have broke the 0.618 fib support, we have touched it... but not pierced it yet, so this will be the line between near term support for the buyers holding on and the sellers slowly gaining control .....
Have a great weekend .....