Next week will be interesting for this pair.
Even if we have tipical broken ascending trendline on 1D chart and even price retraced back to it we dont expect price to brake strong support line, not yet at least. We expect price to remain in range between 1.2840-1.3030 because we think that market is going to wait playout on bexit and US covid stimulus plan.
We will be looking for opportunities in this range with tight stop losses inside our buy and sell zones untill price strongly brake one side. After this happens we will explore and post our thoughts.
If you like this idea, give it a tumb up and leave a comment.
Please, always use proper risk management and dont risk more than you can afford (recommended 1-2% of you account per trade)
Even if we have tipical broken ascending trendline on 1D chart and even price retraced back to it we dont expect price to brake strong support line, not yet at least. We expect price to remain in range between 1.2840-1.3030 because we think that market is going to wait playout on bexit and US covid stimulus plan.
We will be looking for opportunities in this range with tight stop losses inside our buy and sell zones untill price strongly brake one side. After this happens we will explore and post our thoughts.
If you like this idea, give it a tumb up and leave a comment.
Please, always use proper risk management and dont risk more than you can afford (recommended 1-2% of you account per trade)