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 1.3641 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
After testing the support line numerous times, EURAUD is once again approaching this line. Can we expect a bearish trend to follow?
Emerging Flag pattern in its final wave was identified on the EURAUD 4 hour chart. After a strong…
NZDUSD experienced 9 consecutive daily bullish candles to reach a price of 0.5960
After posting 9 consecutive bullish candles in 13 days, you may start considering where NZDUSD is heading next,…
AUDUSD experienced a very large 13 days bullish move to 0.638975
Those of you that are trend followers are probably eagerly watching AUDUSD to see if its latest 4.18%…