This pair has recently broken the declining trendline to the upside and is currently in an uptrend. The retracement of the latest impuls has created a support zone for stop loss placement. The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218. Happy banking!
A break of the resistance zone would complete a buy stop opportunity. The rising trend line has been retested multiple times and has proved to act like support. The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849. Happy banking!
A bearish cypher pattern has been completed @1.2952. We have recently created a bearish pinbar on the 1H timeframe which is another indication for me to go short. This idea contains two fibonacci based target points, the 1st @1.2906 and the 2nd @1.2877. Let's see where this one takes us. Have a good one guys!