My full break down of this pair is on my chat/blog here on TV trading with pivot points
and pivot trend lines
- I use supply and demand
for entries and targets. Price is above the daily pivot point
and steadily building demand to support price - we have a supply zone
price is coming to that is already tested and a fresh zone above that one. Four demands below one minor one tested two fresh - Im looking for the second from top to hold price. target 116.08 to 116.28 represents the pivot
lows, 113.08 is entry alternatively 113.24 the pivot
high which increases risk, stop 112.70 - risk on trade is 38 to 54 pips depending on entry. Reward 280 pips. The odds decrease with every demand price breaks for a long play. Trade well everybody.