Similar as long GBP/USD, current market is positive.
The price has break out the short term down trend line to North.
The price could be touched a big up trend channel bottom line area.
Try to open long order and the target take profit area would be the up trend channel top line area which is crossed by previous top line.
The price has break out the short term down trend line to North.
The price could be touched a big up trend channel bottom line area.
Try to open long order and the target take profit area would be the up trend channel top line area which is crossed by previous top line.
Trade closed manually:
Close the long order
Comment:
The situation has changed. This strategy is not available at this moment. We need to consider if USD will go strong and start a breakout from the sideway channel.
Trade active:
Open long order
Order cancelled:
Close the long order trade
Trade active:
Long order enabled. Maybe entry with several positions included retraction.