Short then Long
Updated
Price has moved below 20 SMA so predict a temporary decline in price till it reaches Supports @ around 0.6699. This would then be a good price/place for Bulls to look for entry & continue with the uptrend.
Trade closed: target reached
As predicted earlier price movement has stalled into a consolidation @ around 0.6695. Now its time to see if there will be a break past the Support (white line) or as per my prediction ,this is the point of retracement so price continues with the overall UP Trend.Trade active
So trade has panned out perfectly from my earlier prediction. Its Friday so t time to bring the trade home. As there is no major news release expecting today I will be hoping trade reaches round about 0.6826. Which would make about btwn 110 -130 pips from the Supports area i mentioned on 16th July. Fingers crossed ...peace !!!
Trade closed manually
I have decided to closed the trade as price movement is struggling to do beyond 0.6785 in three days on trying. Also around this price level its a previous areas of Resistance from 16/04/19 so i think price might retrace heavily, hence for that reason am out having bagged 88pips
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