We've had some brilliant setups on this pair over the past few weeks. Have managed to extract hundreds of PIPs from the market.
Over the week we have had more targets hit as price was capped by the Daily Channels Mid Range and 1.5000 Resistance. However we managed to create a new high and are now coming down to make a Higher Low.
Bullish outlook for the rest of the week although the past Weekly candle is showing otherwise and giving some indecision to setups.
I'm looking for a bounce of 50%, in line with the latest ascending trend line.
If this was to break we would be looking for a reversal at the bottom of the channel before taking any long positions.
Over the week we have had more targets hit as price was capped by the Daily Channels Mid Range and 1.5000 Resistance. However we managed to create a new high and are now coming down to make a Higher Low.
Bullish outlook for the rest of the week although the past Weekly candle is showing otherwise and giving some indecision to setups.
I'm looking for a bounce of 50%, in line with the latest ascending trend line.
If this was to break we would be looking for a reversal at the bottom of the channel before taking any long positions.