I posted two charts because I wanted to show how the the bigger picture is playing out and how to managed the more near term trades/entries.
As you can see on the chart below, the weekly chart has a 5 year old trend line that has broken, the market closed and opened above that trend line and has pulled back to retest.
The chart above shows a more near term picture of that trend line retest on the 4h chart and areas to start buying into.
We like scaling into this trade around current market price and buying into more dips if that happens.
Upside targets at this point are 1.1300 and 1.1400.
More updates to come...
As you can see on the chart below, the weekly chart has a 5 year old trend line that has broken, the market closed and opened above that trend line and has pulled back to retest.
The chart above shows a more near term picture of that trend line retest on the 4h chart and areas to start buying into.
We like scaling into this trade around current market price and buying into more dips if that happens.
Upside targets at this point are 1.1300 and 1.1400.
More updates to come...
Jared Johnson
Union Hedge Funds
Union Hedge Funds