This cross is in an up trend.
Chart below:
Price has pulled back to a previous level of support and formed a double bottom.
Price has now moved back up through the averages and I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 1.7030
2nd Entry: 1.7010
Averaged Entry: 1.7020
Stop Loss: 1.6960
1st Target: 1.7320 (5%)
2nd Target: 1.7450 (7.16%) previous highs.
I will update again should the position be opened.
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