Since this pair is already overbought, there's more likelihood that it will bounce down soon then would go ranging between 0.746-0.774. Setting up a sell stop order few pips below prior period's R2 pivot line, with TPs at current base and prior period's R1 pivot lines.
www.dailyfx.com...Resistance.html?DFXfeeds=f...
D:
W:
Confidence: B (if USD index breaks past the 99-100 support, then this pair might break its current resistance at 0.776 and continue rising up to 0.80 instead)
www.dailyfx.com...Resistance.html?DFXfeeds=f...
D:
W:
Confidence: B (if USD index breaks past the 99-100 support, then this pair might break its current resistance at 0.776 and continue rising up to 0.80 instead)
Comment:
Comment:
1st TP got hit... waiting to see if this is a pullback (so I can wait it out until it hits the 2nd TP), or not (manually close it).
Comment:
Trade closed: target reached:
:)