We can see a clear bounce off key support ( green line ) which we had an order placed at, we also entered another long position at our purple line.
We can see this trade picking up 100+ more pips as recently this pair has been respecting all our key levels.
Simple clean charts = clear vision ;)
So we are long on this pairing... get on it.
We are looking at a lovely sell on this pairing with a possible retest of recent highs, in our last post we could see price following our TL down to our area, price did break this TL and we can now see price re testing our resistance level before making a move lower to our green zone.
Remember trade with patience, without this you will loose to the market, also...
LONG.... simple as that, we have had a lovely bounce off our support line that has been respected many times, and with USD weakening we can only see upside movement from here.
That is all, short and sweet ;p
1.72744 Is a really strong resistance on 4H, 1D, 1W and 1M timeframes, but if you look at the current candles on all these timeframes they are suggesting strong bullish movement and a possible break.
1D candle is bearish but with a big lower shadow that respected our TL.
1W candle is a big bullish candle with lots of buying power.
1M candle is a doji candle...