This is the channel i have on my daily chart

Right now it's bullish to me, but tomorrow we got the biggest news coming out of US, the non-farm payroll and it's good Friday tomorrow as well. So I am not sure on what day we will see the reaction to the news. It's probably better to stay on the sideline till Tuesday, since we also have Easter Monday and many banks will be closed. Starting fresh on Tuesday will give the market enough time to come back into a steady state.
yes lets see how the market moves after monday , happy trading :)
I had the same channel drawn on my chart as well. I don;t know why I couldn't cash in this trade :(
This was definitely a great trade but it might be a good time to short this pair for good amount of pips. Are you in a short trade on this?
+1 Reply
moneymaking KevinSinghDhaliwal
Not yet, i am still looking for good place to keep on buying this pair. There is really no major obstacles ahead of this pair, until we reach the near top of the channel.
moneymaking moneymaking
After this much a huge move, we are very likely to see a good retracement. That will be a good place for entry with extra bit of conformation :)
maybe this pair will have more downtrend next week lets see
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