This pair has just completed a nice move to the downside and doing so, created a M pattern on the daily timeframe. From here we can expect the market to make higher prices to create the lower high before creating a new lower low. What we will be looking at is one of these scenarios. The market on a 30min timeframe has created a buyers market that can push prices higher. On the other hand we still have a lot of liquidity to the downside which the market can go grab before making the up move. I will be monitoring this pair waiting for the market to confirm the shift and the move to the upside before taking the long to around 0.78200 area. If we should see the market grab liquidity at the previous daily lows it would be even better. Good luck with your trading and remember to use a proven profitable strategy before entering any trades. Always use risk management.
Trade active:
currently running 20R profit on tis one. hope the breakdown helped you guys to capitalize on this move
Trade closed: target reached:
This pair has reached our first targets. Don't miss the update on this pair.
