We can see a strong support ( green line ) that price has been respecting and failed to break recently with a few spikes through the level but failing to close below it.
We also have a lovely trend line ( TL ) that price has been using as support bouncing off it on its travels, we can only see further bullish movement as price continues up our TL making higher highs and higher lows all the way up to our resistance area ( green box )
If this works out you will be looking at around 100 pips... not a bad snack ;p
Now you can sit back and scratch your hairy arse or you can put the trade on and buy us a beer when it hits TP... the choice is yours.
We also have a lovely trend line ( TL ) that price has been using as support bouncing off it on its travels, we can only see further bullish movement as price continues up our TL making higher highs and higher lows all the way up to our resistance area ( green box )
If this works out you will be looking at around 100 pips... not a bad snack ;p
Now you can sit back and scratch your hairy arse or you can put the trade on and buy us a beer when it hits TP... the choice is yours.