We've seen a double bottom / W formation and strong bullish momentum. I'm waiting for price to pull back to the 1.05 level to start looking for a long entry.
Don't use a limit order as you can get stopped out if it spikes down. Better to wait for a good bullish confirmation after a pullback to enter.
Important Note: This is the holiday season so there may not be good volume in the market, the best option for the next few weeks would be not to trade.
Don't use a limit order as you can get stopped out if it spikes down. Better to wait for a good bullish confirmation after a pullback to enter.
Important Note: This is the holiday season so there may not be good volume in the market, the best option for the next few weeks would be not to trade.