IS 1.85000 ON THE CARDS?
> Price has been stuck in a 200 pip range for more than a week now.
> Price has tapped the 1.78200 area and got rejected more than 5 times.
> However price has continued creating higher lows and the weekly candle bullish.
> If the Daily closes above 1.77500 I anticipate price to retest 1.78500.
> If 1.78500 finally breaks
> Then the bullish rally towards 1.80000, 1.81500 and 1.83500 respectively would have began.
> Buy orders around 1.77400 with stops below the current weekly candle 1.76000
> This a long term trade.
> Price has been stuck in a 200 pip range for more than a week now.
> Price has tapped the 1.78200 area and got rejected more than 5 times.
> However price has continued creating higher lows and the weekly candle bullish.
> If the Daily closes above 1.77500 I anticipate price to retest 1.78500.
> If 1.78500 finally breaks
> Then the bullish rally towards 1.80000, 1.81500 and 1.83500 respectively would have began.
> Buy orders around 1.77400 with stops below the current weekly candle 1.76000
> This a long term trade.