What I can see here is the potential of a large bullish flag being formed here. The last two days have formed bullish engulfing candles - which when coupled with news of a weakening Yen - provides support for my idea. My trade is not going live until I see the price go passed the earlier S&R marks. Risk vs reward here is also quite enticing.
I will continue to update this idea as time passes.
I will continue to update this idea as time passes.
Commentaire:
Price is taking a little longer than expected to reach the target. This is possibly due to the turmoil in the US which is stalling the dollar from making its triumphant return.