You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.8608 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
GBP/USD breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?
This trade setup on GBP/USD is formed by a period of consolidation; a period in which the price…
Extreme movement experienced on EUR/USD. Check this chart to see what to do next
Those of you that are trend followers are probably eagerly watching EUR/USD to see if its latest 2.43%…
If AUD/USD touches 0.6740 it may be time to take action.
A strong resistance level has been identified at 0.6740 on the 30 Minutes AUD/USD chart. AUD/USD is likely…