Watching for a possible break and retest f support zone but a more likely possibility is for the rebound off support zone with the pair remaining in that zone of consolidation. A number of indicators point to a possible Bull trend so waiting for confirmation of same before entering. could see prior week high tested but watching as it does seem to be forming a lower trend. IF it does break Support then expectations see it retesting support at 0.6400 as strong monthly support awaits just below. This pair is leaning to a bull market but the market can flip at any point so best to remain cautious. Entry is Everything.
NOTE: THIS IS NOT FINANCIAL ADVICE NOR SIGNAL BUT IS MEANT TO PROVIDE MEANINGFUL AVENUES OF DISCUSSION ABOUT POSSIBLE TRENDS AND MARKET MOVEMENTS
NOTE: THIS IS NOT FINANCIAL ADVICE NOR SIGNAL BUT IS MEANT TO PROVIDE MEANINGFUL AVENUES OF DISCUSSION ABOUT POSSIBLE TRENDS AND MARKET MOVEMENTS
Trade closed: target reached:
Target Reached on this now to reassess and see where the market takes it. Had alot of assistance today to hit the target early with early hope about a possible vaccine so next trend may point to a possible downtrend to correct at least 50% of initial move.