Update: Haven't longed this one, as there were no clear signal over the four-hour time interval. Will continue to monitor
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There is a good chance for price resuming the bullish trend after the recent pullback. The pullback was largely expected as price has hit a major long term resistance among 0.8710-0.8755.
I am looking for long positions for now, targeting initially the aforementioned resistance level, i missed the initial long entry, where price is currently moving higher, i would like to see a minor downside pullback now to initiate a long. A break back below 0.8490 would negate this scenario.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
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There is a good chance for price resuming the bullish trend after the recent pullback. The pullback was largely expected as price has hit a major long term resistance among 0.8710-0.8755.
I am looking for long positions for now, targeting initially the aforementioned resistance level, i missed the initial long entry, where price is currently moving higher, i would like to see a minor downside pullback now to initiate a long. A break back below 0.8490 would negate this scenario.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
