As you can see, the price has just broken one level of demand and wants to reach the next levels. Basically, Mondays are profit day and on Tuesday we can see the continuation of the fall of this currency pair
With this pair we will be looking to continue with the bullish trend seen on higher time frames.
We will look to enter longs if we get a pullback and see the correct price action.
Targets will be around the previous high at 85.3
What do you guys think?
Price touched 77.762 which is a buy zone, furthermore there is divergence as price forms lower lows and oscilattor (RSI) forms higher higher confirming that buyers are on deck. My take profit is at 78.422(50+ pips) considering that is a neutral zone and my Stop Loss is at 77.203.
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Been looking at the Australian Dollar / Japanese Yen this week. Good and strong uptrend. How long can it last though? Lets take a...
