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 193.6981 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
GBPJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken…
After testing the resistance line numerous times, AUDCAD is once again approaching this line. Can we expect a bullish trend to follow?
Emerging Channel Up detected on AUDCAD – the pattern is an emerging one and has not yet broken…
Important price line being approached by EURCAD. This price has been tested numerous times before.
EURCAD is moving towards a resistance line. Because we have seen it retrace from this level in the…