If price sells off and closes below 5759.0, Id take a sell with TP @ 55671
If price rises and closes above 5819.4, Id take a buy with TP @ 5928.8
SL AT YOUR OWN RISK :)
Where price is at the moment shows me it has broke out of the downtrend, and is now trying to push to the upside creating a new uptrend, but because of all the previous buying power i think the buyers will now stop and allow sellers to come back in before the buyers continue to push higher, this could take time but trading is patience/being on the same side of the...
I believe if the pair holds above 108.430 and stays in a uptrend, it will continue to rise to the previous structure high.
The pair could possibly break lower forming a new trend to the down side, so just watch, a good pair to have on the watch list.