We did follow this pair for a few weeks now. On the daily chart, it can be seen that it reached an area where it will consolidate (based on the previous patterns) until a breakout occurs. Based on our analysis, we went long and set our TP to the previous highs (9.09523) and SL to (9.02374), where support can be seen above this area.
Trade safely!
The Forex Farmers.
Trade safely!
The Forex Farmers.
Trade active:
Our analysis is still valid on the daily TF. On the 4H chart, the MA crossed which indicates further movement to towards the previous resistance.
Trade closed: target reached:
TP was hit. We will be watching for another entry on this pair.
Trade safely!
The Forex Farmers.
Trade safely!
The Forex Farmers.