Price will come down to 1.275 then up to 1.30.
Analyses was calculating average pips on he daily chart which gave the average movement of 241 pips, rounding it to the nearest major level at 1.275
Then for further confirmation and reversal, I used Mid month reversal and for short term I used Mid week reversal.
If price reaches 1.30, we will see a possible double top, then we sell with 100 pip target back down to 1.29.
Next we buy for 1.32 (200 pips)
Please leave your thoughts below.
Analyses was calculating average pips on he daily chart which gave the average movement of 241 pips, rounding it to the nearest major level at 1.275
Then for further confirmation and reversal, I used Mid month reversal and for short term I used Mid week reversal.
If price reaches 1.30, we will see a possible double top, then we sell with 100 pip target back down to 1.29.
Next we buy for 1.32 (200 pips)
Please leave your thoughts below.