Price has beem moving in descending channel from beggining of 2015 and at moment I see a good opottunity for nice trade.
I cosider 3 scenarios :
1 price break to upside and first target would be at yellow line
2 price bounces back and makes another move down to bottom line of channel with target around 65-66 level
3 price breaks from channel and goes sideways for a while
Buy set up - open postion after price break upper line of channel with SL 60 pips below
Sell setup - sell market wit 60 pips above current price
I cosider 3 scenarios :
1 price break to upside and first target would be at yellow line
2 price bounces back and makes another move down to bottom line of channel with target around 65-66 level
3 price breaks from channel and goes sideways for a while
Buy set up - open postion after price break upper line of channel with SL 60 pips below
Sell setup - sell market wit 60 pips above current price
Comment:
Trade active