Signs of a new uptrend on the lower time frame are showing a potential move to around the 122.50 price area. The potential setup remains valid if price stays above 121.40 price.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources
Comment:
New lower time frame price action is showing some pressure to the downside. The setup is currently invalid until new signs of uptrend pressure are identified. We will update.
Comment:
new uptrend on the lower time frame has re validated the uptrend on the major time frame expecting a bullish continuation towards region around 122.5.
Trade closed: target reached