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 0.6116 but consider reducing the size of your position as the price gets closer to that target.
ARTÍCULOS RELACIONADOS
A possible move on NZDUSD as it heads towards resistance
A Rising Wedge pattern was identified on NZDUSD at 0.59518, creating an expectation that it may move to…
GBPCHF seems to be on its way to resistance – a possible opportunity?
GBPCHF is about to retest a key horizontal resistance level near 1.0843. It has tested this level 4…
Because USDJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
USDJPY is heading towards the resistance line of a Channel Down and could reach this point within the…