t feels the pair has been behaving like a fixed exchange rate. we have range for many, many sessions, and this may discourage anyone for committing to a trend.
The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud.
The base- and conversion line are identical, and for the rest stochastic is NEGATIVE.
The daily chart shows we are positive for higher levels to be seen.
Strategy can be twofold:
1. BUY @ 10.1500 and place stop-loss @ 10.0250, and taker profit @ 10.3750
2. SELL @ 10.1900-10.2100 and place stop-loss @ 10.2350 and take profit @ 10.0575.
The cloud is supportive with support 10.0400 (base cloud) and 10.1390 above cloud.
The base- and conversion line are identical, and for the rest stochastic is NEGATIVE.
The daily chart shows we are positive for higher levels to be seen.
Strategy can be twofold:
1. BUY @ 10.1500 and place stop-loss @ 10.0250, and taker profit @ 10.3750
2. SELL @ 10.1900-10.2100 and place stop-loss @ 10.2350 and take profit @ 10.0575.
