Today’s candle did not closed yet, still have 1.5 hour, but we can see that price broke horizontal resistance and Trend line resistance marked with blue color.


So I’m long biased now. Setup could be to wait for a pull back to horizontal support now at 136.60 and then enter long and hold that trade for at least 100 pips to our next marked blue level at approximately 138.00 or possible even higher.
To look for entry, we need to move down to smaller time frames, like 15m or 5m and then look for 5/8 moving average cross, or 1,2,3 pattern or some say HH and HL.


Leave a Reply

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