-The price was following a strong uptrend when it broke an important weekly at about 0.70273; Once the momentum and started becoming weak, the price collapsed inverting the trend.
- The price then, bounced on a strong , creating a correction of the trend, matching with the 0.61% . (The price was oversold and it was getting a strong momentum, sign of a trend inversion.)
-The market started an , clearly bouncing between the of the channel.
The market seems to be very strong, few days ago the price bounced on the channel's support and started a new uptrend trying to reach one more time an important weekly .
Lot of traders would like to open a trade just now, that's not wrong if you consider that the price is getting high and strong momentum.
I'd prefer to get one more confermation, but don't lose this great opportunity!
POTENZIAL PROFIT: 120 PIPS
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