I need further confirmation for a trade. Another interesting factor is the filling of the Gap on the by a breakout which has lead to a minor reversal causing the pair to test its previous resistance now support. If the pair trades on a gap up monday we could see the signal as null and void.
If it fails to break the 1.30400 demand priceline & my 20 on the daily, I will be looking to go long immediately after a daily close above 1.31500 (Risky)or 1.335 (Safe) .Please note the previous priceline's as potential reversal points, so a reversal may not be out the picture.
So sit back and wait for either scenarios to take place.
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