We have a nice setup on this pair, it is an opportunity to go long!
On Friday last week we saw price broke the high of 11th Feb 0.6746 before the sharp drop (Disbelieving Wave). This move as we can see is likely not to make a new low below 0.6544 which stand as the validity point for the long setup.
Anything above the 0.6544 is a chance to long the pair.
We target 0.6746 first before a further push in the pair.
As it stands we want to place our stop just below the 0.6545, a break below this point will invalidate the setup.
GLT and have a pips filled week!
Follow us on twitter for more update @charts_247
On Friday last week we saw price broke the high of 11th Feb 0.6746 before the sharp drop (Disbelieving Wave). This move as we can see is likely not to make a new low below 0.6544 which stand as the validity point for the long setup.
Anything above the 0.6544 is a chance to long the pair.
We target 0.6746 first before a further push in the pair.
As it stands we want to place our stop just below the 0.6545, a break below this point will invalidate the setup.
GLT and have a pips filled week!
Follow us on twitter for more update @charts_247
Comment:
After couple of hrs with no action, we are seeing nice green candles now. keep long position...
GLT Trade with care.