Review from yesterday.

Good morning Dynamic Traders,

I thought I would try and get a quick review done of yesterdays post before I head off to the garage.

I mentioned yesterday that this pair had been heading upwards and had a quite deep pullback of late, and was keeping an eye on this pair for a possible resumption of the uptrend.

By close of play the trendline was still intact and therefore I did not place an entry order.

On re analysing now due to this, and looking at the fibonacci projections on the lower timeframe,
a possible test of the V.I. on the daily could be on the cards and as mentioned yesterday this had not been tagged although it is in close proximity.

Price is at the moment contemplating this '00' area and so if wanting a possible short for intra-day look here should your list of confluences point in that direction.

As always please do your own analysis before entering any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.