On Daily chart, price came to 1.1833 again which was the 38.2% RET of previous drop.Besides there is a bearish gartley pattern right over there, a hard bone to take for buyers.
Let's check some important levels in 2 sinarios:
Going Up
TPs can be set to 1.1880 and 1.19 extention prices. 1.2045 is the ultimate extension level of the triangle move from bullish D 1.1670.
Going down:
Tps can be set to 1.1767 and 1.1660.Futher downside if break 1.1660.
Therefore 3 plans for reference:
1 Set up right at 1.1833 and Tps accordingly
2 Buy dip if price can't break 1.1660
3 Sell high approaching 1.2045.
Trade cautiously and take care of your profit.
Let's check some important levels in 2 sinarios:
Going Up
TPs can be set to 1.1880 and 1.19 extention prices. 1.2045 is the ultimate extension level of the triangle move from bullish D 1.1670.
Going down:
Tps can be set to 1.1767 and 1.1660.Futher downside if break 1.1660.
Therefore 3 plans for reference:
1 Set up right at 1.1833 and Tps accordingly
2 Buy dip if price can't break 1.1660
3 Sell high approaching 1.2045.
Trade cautiously and take care of your profit.
Further drop