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This a clearly a descending triangle/wedge pattern - falling top and bottom - that has broken out.
But looks like the retest has not been done @1.385. However, if we see any pullback to that price
we buy hard to TP @1.405 and then see if price rally just above that. That allows for up to 200pips
move.
Nothing is certain in this market. So, stay very safe!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on this assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you
can not afford to lose.
This a clearly a descending triangle/wedge pattern - falling top and bottom - that has broken out.
But looks like the retest has not been done @1.385. However, if we see any pullback to that price
we buy hard to TP @1.405 and then see if price rally just above that. That allows for up to 200pips
move.
Nothing is certain in this market. So, stay very safe!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on this assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you
can not afford to lose.