I like patterns because we can trade it without complicated analysis.
Here i see a cup and handle pattern, very similar to a previous successful trade on GBPUSD
Price broke strong level 0.95 and is targeting new highs.
This pair is negative correlated with the EURUSD, so we can have more information about the future movementes on EURUSD.
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to learn sharing ideas, have fun and improve our performance.
Here i see a cup and handle pattern, very similar to a previous successful trade on GBPUSD
Price broke strong level 0.95 and is targeting new highs.
This pair is negative correlated with the EURUSD, so we can have more information about the future movementes on EURUSD.
Best regards.
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to learn sharing ideas, have fun and improve our performance.