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 1.3372 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
A very large move was recorded on AUDNZD. The size of the shift is exceptional.
AUDNZD just posted a 0.9% move over the past 14 hours – a move that won’t go unnoticed…
A final push possible on USDCHF as it starts approaching a price line of 0.8097.
USDCHF is moving towards a key resistance level at 0.8097. This is a previously tested level for USDCHF.…
USDJPY formed a Rising Wedge on the 1 hour chart. Retest of resistance in sight.
Emerging Rising Wedge detected on USDJPY – the pattern is an emerging one and has not yet broken…