what makes you think this will drop?
this chart is unclear ;state technical reasons just dont put charts with random arrow?
kevmurray
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I am waiting for confirmation tomorrow. I have plotted my trend lines and S/R so I am prepared for when I get a bullish or bearish confirmation.
My theory is that after Fridays NFP there will be some profit taking which will bring the pair down. If it hits the first support line and we get a bullish confirmation I will go long. If it breaks through, I will wait for it to hit the second Support with bullish confirmation and go long. Scenario three is that it continues to rise and in that case I will buy above 125.878. Hence all the "random arrows".
To be clear, I am a rookie trader and simply working on some ideas. Whats are your thoughts on the pair?
this chart is unclear ;state technical reasons just dont put charts with random arrow?