Same thing as GABPAUD, price for this pair retraced to previous support zone and bounced. I'm entering long for a long term trade on this pair.
Entry: 1.706 (or market)
Stop: 1.68
Target: couple pips below 2
Entry: 1.706 (or market)
Stop: 1.68
Target: couple pips below 2
Trade active
A breakout on the upside seems imminent. And given the previous corrective structure, this move will most probably be very impulsive.Note
We just had a false breakout. I'll wait to see if price stabilises over the bottom trend line. If yes, I'll wait for the price to breakout from the top trend line within the channel to add.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.