Caught some pips last week on the intra day on this pair however was stopped out on the overall bias that it would hold the support. It of course failed and we smashed through it with 70+ pip candle. As we’ve come down now and hit another support level and triple bottomed at 1.6160 ill be looking to long towards the previous support indicated by the shaded box.
If we do break upon open however, i predict we’ll break the support with a large candle as we typically do when support/resistance is broken. In this case, ill have sell stops at 1.6130 in order to catch the bigger fall towards the 1.6000 physiological level over the next week or so.
If we do break upon open however, i predict we’ll break the support with a large candle as we typically do when support/resistance is broken. In this case, ill have sell stops at 1.6130 in order to catch the bigger fall towards the 1.6000 physiological level over the next week or so.