DislikedHey guys
Just thought i would post a chart. A few inside bars forming. Since this is trending up and sitting on some support i am thinking the probability of a long trade may be reasonable. Nothing too long, maybe a tp of 50 pips in my mind. Also i think it is bouncing off a pivot as well but i can't get my pivots points working yet.
Any thoughts?Ignored
That's a really clean chart and very well analysed. I agree with you - the probability of a long position looks good here. Just an idea here but I think a 50pt target may be selling your setup too short. The trend up has been very strong since August and the mid-year highs are now holding as support. I don't see why this couldn't take out the highs around 1.6830.
Wiz