The pair has maintained a strong growth since November last year. The basis of this growth is corrections, which account for about 60 +% of the upward movement. Recently, the price just touched the high of 1.395 and pulled back to the level of 1.384, which just made up about 60% of the volume. So the next price move is a new growth after which a trend reversal is likely to occur. The intermediate point of the movement is 1.398, the final one is 1.384.
SL - 1.402.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.402.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.