i was long on this pair until i recognized that we won't see any big moves now .after i have seen another false breakout to this zone . i will short for now .we still trading in this rectangle
simple trading idea ..according to false breakout strategy.. with little risk
we have seen weakness in yen in all pairs .. and a major resistance have been broken ..it is good to take buy positions in this pair.. target will be 128 ..and a very good risk reward..
looking to buy from .7350 ...details on the chart
looking to buy from .7350 ...details on the chart
Next week we wait very important news from UK and USA ... i will wait to see a break in this trend line or this resistance then i will enter ..details on the chart >>> GOOD Luck
it looks very clear ..maybe we will see a correction before going short again ...!!!
i don't see any reason to buy this pair now . this pair is trading in this channel since 03/07/15..we can buy after seeing a breakout in this channel and it will be for a short term ....if we see a break down in this red line we can sell again . price will go lower ...
details in the chart ... i'm waiting the price to break moving average 200 . then i will sell stop lose 1.5670 target 1.5350