Description of Chart:
After breaking the narrowing range marked in yellow we broke to the downside and ran into some previous support and resistance zones around 1.5580. I am looking for a bounce from this area to the trend lines of the broken range again, marked in yellow. Target 1 and Target 2 are marked on the chart in green, most profits will be taken there. Length of play could be a few weeks on this whilst everything settles.
Website: www.lukelehepuu.com
Take a look at my website. If you ever have any questions about trading you can become a member to get access to the live trading room where we talk about trading 24 hours of the day, even the weekends (some of us just love trading that much).
After breaking the narrowing range marked in yellow we broke to the downside and ran into some previous support and resistance zones around 1.5580. I am looking for a bounce from this area to the trend lines of the broken range again, marked in yellow. Target 1 and Target 2 are marked on the chart in green, most profits will be taken there. Length of play could be a few weeks on this whilst everything settles.
Website: www.lukelehepuu.com
Take a look at my website. If you ever have any questions about trading you can become a member to get access to the live trading room where we talk about trading 24 hours of the day, even the weekends (some of us just love trading that much).
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