Good constituted by two in the top of the movement. The last time the currency pair reached the 1.53 zone declined, and now in 2015 tested the zone again and declined, as well. The has been well built, as the second maximum, at least, reached the highest close of the first maximum.
What I expect is a move to 1.44 area.
- Risk/reward ratio: 2
- First target in 1.47 zone, if this zone is reached by price, partial close of the position and move the SL to breakeven.
What do you think guys?
Good trading to all!