I wouldn't buy right now. Market is at the Weekly support of 1.0927. It is retesting it. If it is plunge through, then the next support areas are 1.0903 and 1.0886, which is monthly resistance. In this case this resistance 1.0886 act as a potential support.
If this 1hr closes below 1.0927, i'll wait for the confirmation and most likely a 4hr close above 1.0906 for the buying opportunities. So i'll wait for this 4hr to close in 1.5 hrs.
If this 4hr closes above 1.0936, then the bottom most likely be 1.0903 and i'll get my buys there.
{quote} SL into 2 pips profit. No risk. Let's fly. Hopefully.
Ignored
Took me out at 2 pips profit and going back up. No sell for me currently. Although price can target 0880 area, but that will not happen until 1.0920 is broken. I saw that supoort that was why I bought earlier and someone was asking if I couldn't see the overbought situation. Support and resistance, brother. Support and resistance! Plus previous areas of consolidation or reaction.
Watching closely 1.0953 - 1.0955. If a 15min closes above these, then the bulls are on up to 1.098. If the 15 min closes below and further down to 1.0945, then the bears take back the control.
