Looking a few days back, there is a excellent morning star signal that does not quite come through until the news today where the 123.000 level was retested (false break).
Looking at the structures performance there is still a bit left to go with open retracement opportunities (scalping short-term buys).
Price expected to reach the 120.800-120.750 range where the should be some support for the buyers from older structure (Opening Price on 24/06/2016).
Having passed this I do not see any reason not to reach the 120.000 -ish level.
Hope you made your pips today.
Looking at the structures performance there is still a bit left to go with open retracement opportunities (scalping short-term buys).
Price expected to reach the 120.800-120.750 range where the should be some support for the buyers from older structure (Opening Price on 24/06/2016).
Having passed this I do not see any reason not to reach the 120.000 -ish level.
Hope you made your pips today.
Trade active:
Bear in mind that a falling wedge formation on an uptrend signals trend continuation but we are taking this approach as a retrace of the strong bull move over the past few weeks.
Always monitor your trades and make sure you set profits AND stop losses wisely to end an order.
Always monitor your trades and make sure you set profits AND stop losses wisely to end an order.
