Daily timeframe is showing a clear head & shoulder pattern which indicates that buyers are ready to push the market up to create a new high.
The target is 1.15500: this is spotted with the Fibonacci tool on both daily and weekly.
The risk & reward ratio is pretty good for a swing trade operation.
The target is 1.15500: this is spotted with the Fibonacci tool on both daily and weekly.
The risk & reward ratio is pretty good for a swing trade operation.
Trade active:
Marked literally exploded to the upside.
Currently +50 pips and I will look to add another position after the break and the retreat of the trendline on the 4h.
Currently +50 pips and I will look to add another position after the break and the retreat of the trendline on the 4h.