The current trend is controlling by bear which is pretty obvious concerning the fundamental issue. So I'm expecting the market may fall more. There is also a Gartley completing around 171.5 and a ABCD completing around 171.12 which can be a good point to buy the pair.
But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else, we may end up another upward movement soon.
Recommendation:
Buy from 171.50
SL 167.50
Target can be 178.00 & 183
Good R:R can be found.
But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else, we may end up another upward movement soon.
Recommendation:
Buy from 171.50
SL 167.50
Target can be 178.00 & 183
Good R:R can be found.