Points for Long.
1. We are a 38.2 retracement.
2. We are at a previous S/R line drawn from 4Hr chart.
3. We have just failed to take out 1.4300 level.
Against Long.
1. We have failed to reach the 50% fib level.
2. We are approaching the holiday.
3. We could wait for the market to run up to 1.4400 then enter short.
Regards,
BabeFX
1. We are a 38.2 retracement.
2. We are at a previous S/R line drawn from 4Hr chart.
3. We have just failed to take out 1.4300 level.
Against Long.
1. We have failed to reach the 50% fib level.
2. We are approaching the holiday.
3. We could wait for the market to run up to 1.4400 then enter short.
Regards,
BabeFX