Potentials… using the daily time frame since November 2017 markets have clearly followed and respected the ascending channel and as such would expect to potentially see a further push to the upside on the long term towards 1.0177 area before a bearish run; however looking at the shorter 4 hour time frame the pairs showing clear rejection off the trend line with an M formed so good shorting opportunities; ideal entry was missed although if market’s rise good re entry would be around 1.0121. With DXY expecting to continue a drop the ‘safer bet’ would be to expect the pair to continue the drop; will also need to consider fundamentals.
4hr time frame
4hr time frame
Trade closed: target reached:
Beautiful drop!