We have a nice setup going long here if we see a good candle closure above the trend line formed by the two previous spikes! i would like to see the daily candle closing above 1.0320! On the other hand, if price breaks below the trend line, we could see a nice rally all the way to 1.0200 ! That would be very interesting aswell! Now we wait!
What you thik?? Let me know in the comments!!
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Scenario A running almost at +40pips profit!
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Running close to +60pips
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First rejection on 0.5 fib ! closing my entry with +50pips profit
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Price broke the first resistance ! Now waiting for a possible pullback to re-test and entering again for long!
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+100pips combined !
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Price made a correction to the down side right now, could be a good opportunity to place one more long position! Will update soon