Waiting for a breakout in the weekly chart: Once this pair reaches R2 pivot line, setting up buy stop order with TPs at R4 and R5 (or higher, near 1.10000 psychological support) and SL between current R1 and R2 (or previous period R1) pivot lines. Price action in higher time frame charts as well as fundamentals-- better than expected Q4 GDP data for Australia-- support a bullish movement for this pair.
www.businessinsider....ollar-traders-2017-3
www.poundsterlingliv...ias-next-stop-1-6000
D:
W:
Confidence: A (technicals are aligned with fundamentals and sentiment, but should be careful for any possible consolidation right after the news event earlier and getting a fake breakout)
www.businessinsider....ollar-traders-2017-3
www.poundsterlingliv...ias-next-stop-1-6000
D:
W:
Confidence: A (technicals are aligned with fundamentals and sentiment, but should be careful for any possible consolidation right after the news event earlier and getting a fake breakout)
