what happens when it rises too fast? :)
a correction will be needed soon in the newly formed rising wedge, I expect some cool down period happening today - providing a safe journey from today's US economy data.
Be noted that IG sentiments shows over 52% sells today (55% in past hour) and myfxbooks shows 82% sells, so it might a a dangerous pair to trade with even though technicals suggests a correction needed.
TP: 1.39 is a realistic and psychological level to TP. After that, it really depends on the market move from that point.
SL: a few pips based on lower edge of historical supply zone.
GL.
Be noted that IG sentiments shows over 52% sells today (55% in past hour) and myfxbooks shows 82% sells, so it might a a dangerous pair to trade with even though technicals suggests a correction needed.
TP: 1.39 is a realistic and psychological level to TP. After that, it really depends on the market move from that point.
SL: a few pips based on lower edge of historical supply zone.
GL.
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