Price has been ranging in a 70 pips zone for the past 2 weeks, what we have got to keep an eye on is a break out of this zone, if price breaks resistance then a nice bullish run could happen, and if price comes down and breaks support then a lovely bearish run could develop.
At the moment we are leaning towards price respecting this resistance and making a 70 pip run down to our support and will be auctioning a trade on Monday to catch these pips if price opens with no or little market gap.
Treat forex like a fishing trip... sometimes you have to sit there and wait for hours to get a bite you have to let the fish come to you, the same with forex sometimes you can be waiting hours or days for the price to come into your action area.... Patience is key.
So lets go on a fishing trip ;p
At the moment we are leaning towards price respecting this resistance and making a 70 pip run down to our support and will be auctioning a trade on Monday to catch these pips if price opens with no or little market gap.
Treat forex like a fishing trip... sometimes you have to sit there and wait for hours to get a bite you have to let the fish come to you, the same with forex sometimes you can be waiting hours or days for the price to come into your action area.... Patience is key.
So lets go on a fishing trip ;p