The daily chart shows a double bottom with a false breakout at the important support level highlighted in the weekly chart.
First target at 0.80, but if dollar weakness will be greater than anticipated by everyone, we can look at 0.84.
Comments
vlad.adrian
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25.11.2014 closed out, impulse is red, and it looks like it started to fall again.
Did not take profits at targets and a good trade turned to break even
ZenMasterFX
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I am still short this pair.
vlad.adrian
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We can't all have the same trade right? :)
jangseohee
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Class A divergence!
vlad.adrian
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class B
jangseohee
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scratching my head?? Histogram going higher, MACD going higher aint it, why still B?
vlad.adrian
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Looks like someone didn't read the link I sent on divergences a while back
Did not take profits at targets and a good trade turned to break even