You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.6854 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
AUDJPY has broken through a level it has tested 4 times in the recent past.
The breakout of AUDJPY through the 95.9795 price line is a breach of an important psychological price that…
After testing the support line numerous times, USDCAD is once again approaching this line. Can we expect a bearish trend to follow?
Emerging Channel Down pattern in its final wave was identified on the USDCAD 30 Minutes chart. After a…
If you’re short EURUSD you should be aware that 1.1654 has just been breached – a level tested 5 time in the past
The price of EURUSD in heading in the direction of 1.1693. Despite the recent breakout through 1.1654 it…