I will be posting the Weekly TF of the pair to show what is going on in the bigger picture and why I think it's going up. As it stands the pair is already, or almost finished forming a Flat correction therefore the next assumption is a move to the upside considering the previous impulse. We are forming an Ending Diagonal which acts as further confirmation that the C leg of the Flat is coming to an end. There is still a possibility for one more brief move to the downside as indicated by the arrows so be on the lookout for that
My personal details Long @ E: 0.6725, SL: 0.6550, TP1: 0.7300, RR: 3.29
For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.