Well we did get some price movement from all the Majors currency pairs after FOMC data was release early yesterday afternoon in New York.

Price is break the WPP @ 0.7343 also moving above the 61.8Fib level ?.  I am now looking at the downward trend line for resistance marked on my charts a White zone .

Selling Order: if you are not in this pair wait for price to fail to break through resistance zone  . drop in to a small time frame and when you see  1 2 3 pattern drop in a shorter order.

Buy order:  Wait for price to break resistance . Wait for price to  come back to test support which was once resistance and it hold drop a long order.

Good luck  with your trading

2015-08-20_16-13-39

 

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.