Previously i had analysed this pair whereby i had a predicted a continuation of an upward trend from the newly formed daily support zone(107.000).My analysis predicted a buy signal to hita take profit level (TP)-109.379,which was successfully hit.However once my TP was hit a trend reversal to the downside occurred due to some factors -Central banks interest decisions,Saudi fields been attacked e.t.c-Therefore leading to a logical reason of waiting for the pair to play itself out and wait for a definitive trend to ride along.With the formation of a new high low (HL) to this pair i can say the upwad trend is still intact and the pair is ready for a 'BUY'.
I predict a signal of TP- 109.923 and stop loss level of 108.00
I predict a signal of TP- 109.923 and stop loss level of 108.00
Comment:
TP1 can be 109.379
Trade closed: stop reached