There is a lot going on with this chart. We have a little divergence forming on the MacD. Nice wedge play since the beginning of march. Pay attention to the reaction around 1.8730-1.8750 next week for a bounce or break.
Next target for bulls if broken would be the 200 EMA and psychological # 1.90. Beyond that we have the resistance from the red line. (previous wedge). Until the red resistance line is broken, the bias is still favored in the bears
Next target for bears if broken would be the Strong Support line. A break below that will send this pair down towards 1.70 no doubt.
The next big move on GA is coming so pay attention and don't get trapped on either side. Play it safe and wait for it to develop before entering.
Next target for bulls if broken would be the 200 EMA and psychological # 1.90. Beyond that we have the resistance from the red line. (previous wedge). Until the red resistance line is broken, the bias is still favored in the bears
Next target for bears if broken would be the Strong Support line. A break below that will send this pair down towards 1.70 no doubt.
The next big move on GA is coming so pay attention and don't get trapped on either side. Play it safe and wait for it to develop before entering.
Trade active:
In SHORT @1.8787