Fundamentals are in line for a long position on this pair. The state of the market on the 1H was a range but the price broke to the up side. The price broke the highest price of todays asia session with almost 80%. The pullback from this breach is +/- 50%, we would like to see the pullback go to 61.8% or lower but we can work with this. On the 3m chart there's a V-formation, but the test is still busy.
Trade active:
Entry Price: 0.62941
Stops: 0.62831
Target: 0.63207
Stops: 0.62831
Target: 0.63207
Trade closed: stop reached:
Trade was not ready, sellers too strong.