This pair is different of EU. But still the same things gonna happen here. We are in strong downtrend here, but local downtrend almost broken. We crossed the 200 EMA up and hit 2 trend lines. SO, here we go. We have a great setup to trade. If we brake our downtrend lines we can open buy and next stap is far away near the 1.24. If we bounce off it down, so we won again :) We just put short here immediately and our target is 1.20 at first, and 1.18 at second.
I love such a weeks where you can trade using only simplest TA)))
But keep focus, because this is the market and no one can handle it. Even trendlines and EMA))
Best regards, yours Fridrex.
I love such a weeks where you can trade using only simplest TA)))
But keep focus, because this is the market and no one can handle it. Even trendlines and EMA))
Best regards, yours Fridrex.
Comment:
Hi there. I hope everyone jumped in this To The Moon run)
Trade active:
GBP was just following trend line. We hit 1.20 as I wrote earlier. So now I will wait that we will hit 1.18 next.