I see a assending triangle for this pair and as it is a bilateral pattern its hard to predict the price movement at this moment. I have added 2 possiblt trading options as per my understanding.
(I do think the bull chance will be high as the non-farm stats are due to be out tomorrow and as per the forcast USD is set to be weaker.)
** I'm a newbie trader and I welcome any comments or feedback on my analysis. Thank you in advance.
(I do think the bull chance will be high as the non-farm stats are due to be out tomorrow and as per the forcast USD is set to be weaker.)
** I'm a newbie trader and I welcome any comments or feedback on my analysis. Thank you in advance.
Trade active:
I got half profits out and took the SL to start so its a risk free tade as non farm is coming up soon.
Trade closed: target reached