After that huge move on last Thursday, we have been in a consolidation, essentially forming a wedge pattern. The base of the pattern comes at 1.10740, lining up with the previous resistance and 38.2 fib level, giving us nice area to look for potential long entry anywhere in that zone. For targets we could look for it at the previous structure highs around 1.12100 and potentially all the way up at 1.13234 where the 1.27 ext and resistance level line up. Also, very busy day tomorrow in the market for fundamentals, CPI and FOMC meeting for USD, Unemployment for AUD, and AE Index for GBP, so just be aware. Good luck!
Trade geschlossen: Ziel wurde erreicht:
150+ pips on Target 1
Trade geschlossen: Ziel wurde erreicht:
250+ pips on target 2
400+ pips total
400+ pips total
