Please check my chart to understand what I will be doing with this pair.
* Enter position will be at 148.700 if prices reach this level and break trend lines on M15. * Profit target at 148.00
==> Potential profit: 70 pips. Don't be too greedy :-)
Feel free to like/comment !
Cheers
Jesse
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**** Addendum****
Good luck !
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Hi guys,
Interesting what happened at yesterday's session. Prices broke supports and is now heading to M15 support line. Should prices break, they will fall hard and next support should be seen at around 148.
Have a look at volumes (VERY IMPORTANT): the more prices go up, the more buyers are decreasing. This is a good indication that prices should continue to go down next week....
Actually we don't know but in any case I would not sell ABOVE trend line supports (as shown in my chart below).
On M15 the pattern has changed as you can see, I will be looking to sell whenever I can this pair.
SwissPips
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@praveenfx, I think if prices break and re-test the dotted trend line (as shown below) you will be able to sell it and it will fall hard.... and entry prices should be even higher than my 1st entry point.....