Second target reached earlier today which I wrote about here. Currently the pair has found support right around 0.96750. Retail trade sentiment is biased long while market momentum continues to decline. Further downside seems ahead, although the pair might stabilize within the present price area.
Target III might be a little bit trickier to hit as we'll be in heavily oversold territory. Entry is currently @0.98584 from August 21st. Target III is set @0.95855 for an ~270 pip profit. So far we've pulled in ~360 pips from the initial short which you can read about here.
Target III might be a little bit trickier to hit as we'll be in heavily oversold territory. Entry is currently @0.98584 from August 21st. Target III is set @0.95855 for an ~270 pip profit. So far we've pulled in ~360 pips from the initial short which you can read about here.
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