This pair has done exactly what was expected on my previous breakdown. From this point we can see on a daily timeframe that the market is getting really over extended and has created an M pattern. After a M pattern we expect the market to make a move to the upside and complete the pattern at the neckline. From a 4h timeframe we can see a buyers market starting to step into play. In this area I will be monitoring this pair on a lower timeframe waiting for a confirmation to take the trade to the upside. If the market should make the break lower to grab liquidity at the lows I will be waiting for the market to shift and give a confirmation before taking the trade to around 0.72520 area. Remember to use a proven profitable strategy before taking any trades. Always use risk management.
Trade ativo
Running 30R profit risk free. hope the breakdown helped you guys to capitalize on this pair!
Trade fechado: objetivo atingido
This pair has hit our targets on Friday. Don't miss the next breakdown on it.
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