The pair is testing the resistance against the T1 channel. Watch out for false breakouts on the upside as a 20-25 pip upward move can be expected.
The EMA,200 is below the EMA,50 , therefore supporting an overall bullish bias on the pair, however a retracement is imminent as the pair is overbought.
In conclusion
Entry point: 1.05606
S/L: 1.05759
T/P 1: 1.05272(@PL Level)
T/P 2: 1.05108(@EMA,50)
The EMA,200 is below the EMA,50 , therefore supporting an overall bullish bias on the pair, however a retracement is imminent as the pair is overbought.
In conclusion
Entry point: 1.05606
S/L: 1.05759
T/P 1: 1.05272(@PL Level)
T/P 2: 1.05108(@EMA,50)
Order cancelled:
Entry point not hit. but was a confirmed sell