Trade Alert
Wait for it!
We have to see if the daily candle closes above that downside resistance line, otherwise, we can can scrap the upside scenario for now. If the close above eventually happens, for us to start examining much higher levels from the slightly longer-term perspective, we would need to see a break and a close above 1.1345, marked y the peak of the 11th of September. This way we could then start targeting 1.1410, or even 1.1455, which was the high of the 27th of August.
On the downside, if the downside resistance line holds, we could see another slide lower towards the previous lows (please see the chart for details).
Always have your SL in place.
Wait for it!
We have to see if the daily candle closes above that downside resistance line, otherwise, we can can scrap the upside scenario for now. If the close above eventually happens, for us to start examining much higher levels from the slightly longer-term perspective, we would need to see a break and a close above 1.1345, marked y the peak of the 11th of September. This way we could then start targeting 1.1410, or even 1.1455, which was the high of the 27th of August.
On the downside, if the downside resistance line holds, we could see another slide lower towards the previous lows (please see the chart for details).
Always have your SL in place.