Short from touch of upper trendline once 0.88000 is breached
Price managed to breach H4 200ma with relative ease.
Anticipating either an initial move to retest 200ma
followed by a test of the H4 100
Ma currently at 0.87077.
I suspect price will find support and be held there, and
will bounce up from this level, in a move to fill the remains
of the liquidity gap between 0.87718 and 0.87885.
Once 0.87885 has been reached, with the 'magnetic'
and "psychologically appealing" 0.88000 level nearby,
Market may try for a test of this level possibly exceeding it
by +10 to 20 pips [possibly more if USD maintains its mild
retracement.
Anticipating either an initial move to retest 200ma
followed by a test of the H4 100
Ma currently at 0.87077.
I suspect price will find support and be held there, and
will bounce up from this level, in a move to fill the remains
of the liquidity gap between 0.87718 and 0.87885.
Once 0.87885 has been reached, with the 'magnetic'
and "psychologically appealing" 0.88000 level nearby,
Market may try for a test of this level possibly exceeding it
by +10 to 20 pips [possibly more if USD maintains its mild
retracement.