Price has moved below 20 SMA so predict a temporary decline in price till it reaches Supports @ around 0.6699. This would then be a good price/place for Bulls to look for entry & continue with the uptrend.
Trade closed: target reached:
As predicted earlier price movement has stalled into a consolidation @ around 0.6695. Now its time to see if there will be a break past the Support (white line) or as per my prediction ,this is the point of retracement so price continues with the overall UP Trend.
Trade active:
So trade has panned out perfectly from my earlier prediction. Its Friday so t time to bring the trade home. As there is no major news release expecting today I will be hoping trade reaches round about 0.6826. Which would make about btwn 110 -130 pips from the Supports area i mentioned on 16th July.
Fingers crossed ...peace !!!
Fingers crossed ...peace !!!
Trade closed manually:
I have decided to closed the trade as price movement is struggling to do beyond 0.6785 in three days on trying. Also around this price level its a previous areas of Resistance from 16/04/19 so i think price might retrace heavily, hence for that reason am out having bagged 88pips