Resistance of 1.575 has been broken 3 times since Nov 2013. Last time was a double-top in Jan * Feb 2017. I don't see any reason (shocking news apart) why it would break and maintain over the 1.575 line, not for a double-top again, and will return to the 1.575 and then continue to then 1.563. Swing has started.
RSI, MCAD, Stoch also have began their drop (visible in the 1h).
Feel free to comment, so me and others who see this can learn :)
RSI, MCAD, Stoch also have began their drop (visible in the 1h).
Feel free to comment, so me and others who see this can learn :)
Trade active:
Delayed the drop by 5 days, but hey, I'm a swinger, so I never expect a trade to last 1 day.
I am continuing till I get the remaining 40-45 pips, and then will go for the rebound.
I am continuing till I get the remaining 40-45 pips, and then will go for the rebound.
Trade closed: target reached:
With a delayed response (both from the pair and from me), the pair reached the second TP.
There was 'some volatility' in there, but I am swing trader, so I know that 'it will get there' even if it takes 6 calendar days more.
There was 'some volatility' in there, but I am swing trader, so I know that 'it will get there' even if it takes 6 calendar days more.