Hi Rob,
Which color you want?
Which color you want?
DislikedIt seems that institutions love sellling at 113. Perhaps it's only a matter of time before the bulls get the message and this pair sells off significantly. Or not, as the case may be.
If the supply zone doesn't get approached again, I anticipate a target of 105.
Of course there would be numerous retraces and trouble spots en-route, but looking at the weekly chart, that's what I anticipate could be the destination.
I'm short at 112.75 with SL at BE and will let this play out as a longer term trade.
RobIgnored