This pair is something to hold for a day or two. If you look closely, you can see the elliott wave making it's third wave of the bullish set. At this point, it could go anywhere. I advise a slight fundamental analysis for this pair to weight in on what to do. I suggest a BUY STOP order of 1.68200 and a TP in the area of 1.68400
I took about 5mins to perform this analysis. After seeing that fellow TV users share the same sentiment, I can confirm that this is a long order. To REALLY lock in some profits, you need to wear the mask of a swinger :)
I have marked TP1 & TP2 as two horizontal lines. I am a conservative trader so keep in mind that it might even go up tp 0.9100 but remember to...
Speculations from last year December went in favour if shorting this pair. As a swing trader, I support this. Though this pair doesn't boast "strong sell" as early Jan, you can still hit the 1st TP.
As you can see, it is almost done with the first mark of a corrective wave. Swingers will want to hold this for about 6 hours if you're not too confident about the...
This report is from a technical perspective only, but a strong indicator non the less. As you can see in the h4 chart, the market is going through a correction phase and it will be temporary but will be very profitable should you enter & exit the the right time.
I would set my first TP at 0.79281 (use fibonnaci lines to set your TP & SL).
