I see a head and shoulders pattern here.
So price is coming back from a strong are of Resistance 128.500. Should price breaks the neckline then I'd be looking for a retest to set for a sell.
But like it has happened before in the circle areas ,should price bounce once again from the neckline I'd be looking then for strong impulse to the upside looking to test Right Shoulder's area
So price is coming back from a strong are of Resistance 128.500. Should price breaks the neckline then I'd be looking for a retest to set for a sell.
But like it has happened before in the circle areas ,should price bounce once again from the neckline I'd be looking then for strong impulse to the upside looking to test Right Shoulder's area
Trade active:
100 pips in profits. Moving SL to 128.450
Target is where the red arrow ends 129.6
Target is where the red arrow ends 129.6
Trade closed: target reached:
Closed at 128.450.
We secured +67 pips
We secured +67 pips