A countinued move up may expose 0,90 and 0,9025 area
which is the target of the 2nd wave impulse. The first impulse
wave (green) has target 0,8896 right at weekly R2 were
price has paused right now. Current rex zone can also be
used for short scalping but risky. Better perhaps to seek
a long after bounce from 8890 level, somewhere around
8830 if price comes down or alt. at 8860. A breakout trade
also has potential considering the strength in upward
move. Risk is though that market stalls ahead of
big news tomorrow and fridays NFP.
which is the target of the 2nd wave impulse. The first impulse
wave (green) has target 0,8896 right at weekly R2 were
price has paused right now. Current rex zone can also be
used for short scalping but risky. Better perhaps to seek
a long after bounce from 8890 level, somewhere around
8830 if price comes down or alt. at 8860. A breakout trade
also has potential considering the strength in upward
move. Risk is though that market stalls ahead of
big news tomorrow and fridays NFP.