We Are Either Range Trading or Breakout Trading This Week

This pair looks to be getting ready for a major breakout. The question is where? Consolidation is trapped between the weekly 078231 area and the daily 0.76424 area. It looks like it will continue down, but with it sitting on the daily, it can easily bounce back up and stay in the range until a breakout happens.

I've marked the chart in case to trade the range to the weekly and to enjoy a bearish move if it breaks the daily levels. For now, this is a wait and see.

BEAR TPs:
• 0.75925
• 0.75118
• 0.74529
• 0.74037

BULL TPs:
• 0.76644
• 0.77548
• 0.77797
• 0.78231

Trade geschlossen: Ziel wurde erreicht:

All BULL TPS reached on February 19th during the Tokyo session.