Fairly self-explanatory chart here. Price has broken through the upwards trend line and is looking like it will pullback up to the previous area of support which will hopefully act as resistance. I then see further downside potential to a previous area of around 1.63600.
I will not be entering this trade straight away! I am waiting for price to pullback to the above area and then looking for confirmation that it won't push up higher!
3.00 Risk/Reward Ratio on this trade.
I will not be entering this trade straight away! I am waiting for price to pullback to the above area and then looking for confirmation that it won't push up higher!
3.00 Risk/Reward Ratio on this trade.