One of the best performance when it comes to momentum.
I've been trading this pair since the break out of the wedge formation we've had and the support/resistance lines are so clean. It's within a range at this moment of time. This weekend we have G20 meeting. I wouldn't enter this trade as it's Friday. Friday is a day where i'd enter quick scalps, go through my trade journal and seek out opportunities for next week.
As it's within consolidation, we need a clear break out to either direction. If we have the bears in control, of course i'd look to target trend-line areas. However, if we carry on the bullish momentum i'd be targeting a 261.8 - The best opportunities is 161.8 or 261.8, the risk/reward is high usually with depending on where you'd entered. The fibs of 261.8 = nice resistance area as well.
Great trade for next week opportunities - keep an eye out for G20 meeting this week. Be a hawk...!
Remember: Just a trade idea, not a recommendation.
Give us a LIKE & COMMENT on any other pairs you'd like us to analyse.
Happy weekend to you all.
I've been trading this pair since the break out of the wedge formation we've had and the support/resistance lines are so clean. It's within a range at this moment of time. This weekend we have G20 meeting. I wouldn't enter this trade as it's Friday. Friday is a day where i'd enter quick scalps, go through my trade journal and seek out opportunities for next week.
As it's within consolidation, we need a clear break out to either direction. If we have the bears in control, of course i'd look to target trend-line areas. However, if we carry on the bullish momentum i'd be targeting a 261.8 - The best opportunities is 161.8 or 261.8, the risk/reward is high usually with depending on where you'd entered. The fibs of 261.8 = nice resistance area as well.
Great trade for next week opportunities - keep an eye out for G20 meeting this week. Be a hawk...!
Remember: Just a trade idea, not a recommendation.
Give us a LIKE & COMMENT on any other pairs you'd like us to analyse.
Happy weekend to you all.