Look at the Euro today!!! pounced right back up!! spot at the moment is at 1.4506.
Looking at the 4 hour chart we see the Euro has breached the resistance level of 1.4502. Two things can happen here, Euro can move lower from here, or break the resistance level and head up.
My plan is to watch if the candle closes below or above this resistance level!
Update on the Aussie chart attack!
Last night Aussie did not reach my support level so i didn't enter into the trade. What a shame!!! looking at how high Aussie has run up today!
Looking at the 4 hour chart we see the Euro has breached the resistance level of 1.4502. Two things can happen here, Euro can move lower from here, or break the resistance level and head up.
My plan is to watch if the candle closes below or above this resistance level!
Update on the Aussie chart attack!
Last night Aussie did not reach my support level so i didn't enter into the trade. What a shame!!! looking at how high Aussie has run up today!
Happy Trading!
FxTaurian
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ReplyDeleteIt went up so strongly because Sovereign funds were buying and some notable buyers from middle east.
ReplyDeleteWould you buy above 1.4502?
ReplyDeleteHi Ai Shiang, i would buy above 1.4502 as a break-out trade, but i would keep a tight stoploss in case it's a fake-out.
ReplyDelete