I am waiting to see price action centered around the ascending and descending trend lines I have drawn (white arrows)
price did break once creating a higher low before rising to test trend line
however, history shows that price will use boxed area as support and continue to rise to meet monthly resistance level @ 1.25006
possibly short the fall back down to retest support zone, and if price action confirms rise (as well as news, although not main factor) i will trade the long on open next week
price did break once creating a higher low before rising to test trend line
however, history shows that price will use boxed area as support and continue to rise to meet monthly resistance level @ 1.25006
possibly short the fall back down to retest support zone, and if price action confirms rise (as well as news, although not main factor) i will trade the long on open next week
Trade active
Trade closed: target reached:
