This pair has been one of the best performers over the last couple of months with very predictable price movement, i am expecting more of the same into next week.
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I have attached below the x3 positions taken to give a better insight into my analysis.
Great charts as always Tom. It was whilst looking at your chart i suddenly thought that looks like a bull flag on the daily, can i ask why thats not something your working based on and why your targeting 1.0570???
i don't think it can have a long opp,even the month have a support from the middle of the Boll but the down trend now can't see it clear. and also the AUD is now weak.
UnknownUnicorn180388
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@Stevengilberzhang, We will see how it all plays out into next week.
If we don't see a reversal and price continues to break 1.0700 there will be no pending order set.
Appreciate your thoughts, thanks