Morning traders,
Given month end this is very month a quick intra day range trade. Highlighted on our trading view chart is a bearish trendline over medium term which the pair breached to upside last week then retested in the past few days. We are looking for another bounce off of this line and to trade back to yesterdays levels of mid 1280's.
Additionally we have highlighted the oversold nature on Stochatics and the support/resistance line on RSI that we expect to come into play and help the pair bounce higher from here.
This doesn't get away from our more medium term view from our Sunday setups
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Given month end this is very month a quick intra day range trade. Highlighted on our trading view chart is a bearish trendline over medium term which the pair breached to upside last week then retested in the past few days. We are looking for another bounce off of this line and to trade back to yesterdays levels of mid 1280's.
Additionally we have highlighted the oversold nature on Stochatics and the support/resistance line on RSI that we expect to come into play and help the pair bounce higher from here.
This doesn't get away from our more medium term view from our Sunday setups
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
