1.16000 is a key level that will be used as a springboard for the bulls to push price higher and higher. If you go on the monthly chart and mark this level on the chart you will see why. I am also expecting USD weakness as DXY is at a lovely resistance level also which adds confluence (another reason) for me to take this trade.
If you want to know more about my simple trading style then just send me a message.
If you want to know more about my simple trading style then just send me a message.
Trade active
Comment:
TP1 hit