This trade may take a while to set up probably not today. We need some dollar strength for this to work.
We are close to R2 Monthly Target and there is long term resistance in .7210 to .7240 area. In addition we are just above the 618 of previous down move.
Looking to sell at around current price level. BUT NOT NOW. Looks like we will get a higher high. As long as .7240 resis is not broken fine. Wait for a lower low and sell on next lower high.
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About The Forex Analyst
Based in Warrington UK. Manage to keep my trading profitable but still a lot to learn. Mainly scalping and spot trading using Wayne's strategies.