Good afternoon all,
I am looking at this currency pair forecasting a possible buy.
What am I looking at:
1. Price is currently still in an uptrend
2. Price hasn't formed a Lower Low
3. I see a possibility of a Head and Shoulders forming here
I'll be looking to enter at the Minor Resistance area when I see some clear CONSOLIDATION at 1.0680. My SL will be 1.0650 and TP 1.0820.
Always carry out your own analysis and make sure of using proper risk management. This is not financial advice.
I am looking at this currency pair forecasting a possible buy.
What am I looking at:
1. Price is currently still in an uptrend
2. Price hasn't formed a Lower Low
3. I see a possibility of a Head and Shoulders forming here
I'll be looking to enter at the Minor Resistance area when I see some clear CONSOLIDATION at 1.0680. My SL will be 1.0650 and TP 1.0820.
Always carry out your own analysis and make sure of using proper risk management. This is not financial advice.