Hi
Based on technical factors, we saw from a Monday session, we anticipate this move to show us a clear break above and push higher to previous mid highs..
We anticipate this move to happen from the publishing of this analysis.
0.74000 IS A good handle to take this position from because of previous data anticipating a good buying/area of interest.
We also would like to see a collapse of the DXY (usd strength) as on the DXY shows signs of bearish momentum yet we wait fundamental data to give us the extra push.
Let's see what happens.
This isn't financial advise, just our opinion.
Saif
Based on technical factors, we saw from a Monday session, we anticipate this move to show us a clear break above and push higher to previous mid highs..
We anticipate this move to happen from the publishing of this analysis.
0.74000 IS A good handle to take this position from because of previous data anticipating a good buying/area of interest.
We also would like to see a collapse of the DXY (usd strength) as on the DXY shows signs of bearish momentum yet we wait fundamental data to give us the extra push.
Let's see what happens.
This isn't financial advise, just our opinion.
Saif
Trade closed manually:
Going to close this trade..
15 min timeframe and 1hrly timeframe the 50 ema is being respected.. I cannot go against my trading plan.
Take care.
15 min timeframe and 1hrly timeframe the 50 ema is being respected.. I cannot go against my trading plan.
Take care.
Comment:
We did capitalise on a 10 pip move tho...