With the current fundamental situation. USD look to strengthen. Monday will be a off day for Britain. Kindly refer to the below on the take profits area : a) TP1 1.288 b) TP2 1.264 Trade at your own risk.
Bulls still in control of this pair after the breakout. My take profit area will be : a) TP1 84.05 b) TP2 85.20 c) TP3 85.68 Failing to break-thru 84.05 will give a sign for reversal and closing the gap.
Just for your information, i am still holding my buy at the latest breakout in Trend line. This short is for short-term only with a good risk and reward. Trade at your own risk.
The breakout is so incline worried me a little because a breakout with angle more than 45' degree is a sign for it to go even further up. and that is why i'm going short with small lot size and tight Stop Loss. Short because the cycle seems to end approaching the previous Resistance. Trade at your own risk.
I am still respecting the uptrend which im targeting it at 0.82. For now please sell with cautious at the area above. another justification it has been overbought. Note : tomorrow we going to have to AUD meetings. Trade at your own risk!!
Head and Shoulder is forming. but need to wait on this candle close below 123.866
As you can see, the right shoulder is on his way. once formed, you can try to place a sell target to 0.9665