This pair is in a nice uptrend now, looking at the last movement if I had taken the marked trade it would have been a 600 pip movement. Given that this has not yet reached the previous resistance line I am aiming to catch roughly the same movement again before we hit the resistance and reverse the trend. Please feel free to comment your thoughts on this.
will be looking long on this pair, as you can see it has broken previous resistance and now looks to pus to the next resistance level. The aim here is to take profit around halfway and then re-analyse.
I will look to short this pair depending on market open prices.
As we can see from the daily chart price has been respecting the support and resistance lines could potentially see a breakout to the upside hence waiting for the market open to see if the price will respect the support line.
We have broken a 2-year downward trendline this week, with the pound strengthening towards the end of last week we could see a rise and potential switch in momentum. Will wait for the market open to see direction before taking any trade.