Once again we have here an ascending channel which usually results in some kind of drop.
Price has come up to my weekly resistance and I am expecting the price to magnetise to 1.10 level or the nearest supporting T/L.
Or it could just completely shoot to the moon. I think a lot of profit-takings is happening now at this level. I must still keep in mind that there has been a very bullish push to the upside on the Monthly and I am expecting some type of pullback before another push to the upside. I will be looking for longs with a push and continuation followed by another push. So watch out.
Follow me, I will be doing updates with all my current trades and what I am watching every week
I am not saying take the trades I take, however. Do it at your own risk
Price has come up to my weekly resistance and I am expecting the price to magnetise to 1.10 level or the nearest supporting T/L.
Or it could just completely shoot to the moon. I think a lot of profit-takings is happening now at this level. I must still keep in mind that there has been a very bullish push to the upside on the Monthly and I am expecting some type of pullback before another push to the upside. I will be looking for longs with a push and continuation followed by another push. So watch out.
Follow me, I will be doing updates with all my current trades and what I am watching every week
I am not saying take the trades I take, however. Do it at your own risk