On recent price action, price makes higher highs and higher lows an ascending channel for weeks. Price has just tested the resistance of the higher high and does not succeed in breaking it. On the other hand, the RSI (14) shows that the market is over bought and has come back to break through the it's 70 support level. I am expecting price to come back to test the support level on the higher low. The trade idea invalidation level (Stop Loss) is 0.70184.
Trade closed: target reached:
50.1 Pips for those you took the trade