The main takeway from this is the importance of the final confirmation signal, which i believe is the most important part in the trading approach. I was looking for some kind of rejection hinted through pin bars, or an hourly as an examples of confirmation signal. However, the pair didn't provide any signal and continued to rally breaking main confluence of levels, and the main falling shown on chart. In addition to that, the price has previously taken the 200-days and the 50-days average, which is another positive indication.
So what now, are we going to continue higher? The chances for a trade now is good in my view. But again, and as usual i will be waiting for a confirmation signal for the trade. Keep posted for the up-coming updates.
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here http://thefxchannel.com/ ,
My best regards
Get your gift : https://thefxchannel.com
Skype: Technician - The forex channel