Is it time for a upside potential? Yesterday we were discussing our down-side for this pair. Needless to say our T/P got smashed. Early we had a trend-line rejection that sadly ended up as a losing trade. But nothing to worry about. We will be looking at this pair for a potential -BUY-.
As you can see on our chart above we have 2 listed T/P area's overall I will be aiming for T/P #2 for about +40 PIPS of profit. If we reach T/P #1 S/L will be moved to break-even. I am NOT saying to place a -BUY- right now. But if at the end of this hour this candle has a strong bullish close we could see some -BUY- opportunities. With a re-entry at the close of the 4H chart.
Regarding a -SELL- I don't see another one as of right now unless we see price closing -BELOW- if that happens we will have a update on that.
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