Reply To: Trade opportunity?
Another trade opportunity? Its actually very similar to the GBPUSD in terms of reasons to enter the trade.
Would plan on entering the trade (anywhere above the yellow line) if the market breaks above the support and resistance in the blue rectangle and breaks past the highest high of the current uptrend. Would aim to take profit around the purple line, but thats a pretty far stretch so maybe take profit here and there to that purple line or the fib 161.8 level. That would depend on how much the market moves upwards though.
Also wouldnt want to aim any higher than the purple line because the support and resistance in the peach rectangle
Thanks in advance,