The SL was triggered @ 159.90 and we touched a low near 159.60 area. The weekly chart is positive as a note, and daily is negative, and currently negative 4-hourly.
I feel we are going to move much higher in coming weeks, because weekly seems looking good for that scenario. We are protected now @ 159.50, and as long we do not trade below that, the pair should be a BUY on pullbacks. Right now negative stochastic as mentioned, which means we should wait for entry again, and hopefully that patience will pay-off.
Strategy BUY @ 159.60-159.90 area and place SL below 159.20. Profit order @ 161.90.
I feel we are going to move much higher in coming weeks, because weekly seems looking good for that scenario. We are protected now @ 159.50, and as long we do not trade below that, the pair should be a BUY on pullbacks. Right now negative stochastic as mentioned, which means we should wait for entry again, and hopefully that patience will pay-off.
Strategy BUY @ 159.60-159.90 area and place SL below 159.20. Profit order @ 161.90.