I tried this one on Tuesday but didn't get the move I was looking for and was stopped at break even.
Price has now made its move and I am looking for a long trade on the pull back.
Price is in a mid term up trend.
Chart below
Price has now made a higher high and broken the mid term averages (4hr 50ma) and the Weekly Central Pivot Point. (WP)
Price also has clear support at 0.7840 with 3 touches on this support level.
Entry and chart below
Entry: 0.7915
Stop: 0.7885
Target: 0.8065
I will update again as and when the trade is triggered.
Regards
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