TP: 1.59 (1100 pips)
SL: 1.710 (100 pips)
- Severely overbought conditions and heading toward strong weekly and MACD resistance.
- TD sequential will generate a 9 and possible 13 count around 1.70 area.
- 1.7 strong psychological level.
- Watch for AUDUSD and AUDJPY bounce at 0.60 and 70.20 respectively for confirmation. Possibly EURUSD reversal before 1.12, otherwise trade invalidated.
SL: 1.710 (100 pips)
- Severely overbought conditions and heading toward strong weekly and MACD resistance.
- TD sequential will generate a 9 and possible 13 count around 1.70 area.
- 1.7 strong psychological level.
- Watch for AUDUSD and AUDJPY bounce at 0.60 and 70.20 respectively for confirmation. Possibly EURUSD reversal before 1.12, otherwise trade invalidated.