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 1.2723 but consider reducing the size of your position as the price gets closer to that target.
ARTÍCULOS RELACIONADOS
A Falling Wedge has formed, AUDJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
AUDJPY is heading towards the support line of a Falling Wedge and could reach this point within the…
Could a large bearish move on GBPCHF be a sign of things to come?
A movement of 1.06% over 15 hours on GBPCHF doesn’t go unnoticed. You may start considering where it’s…
After experiencing 5 consecutive daily bearish candles in the space of 7 days, nobody knows where CHFJPY is headed.
After posting 5 consecutive bearish candles in 7 days, you may start considering where CHFJPY is heading next,…