Enter a long trade once price has closed above 1.3312. Target
1.4100 directly, or scale out your profits along the way.
Place stops below 1.3160, or below the 10SMA, blue line.
Beware, this pair could still see plenty of volatility this week with
all the GBP related economic news to be released; however, once it closes
above 1.3312 I believe it will be a rather direct path to the 1.4100 level.
Happy trading
1.4100 directly, or scale out your profits along the way.
Place stops below 1.3160, or below the 10SMA, blue line.
Beware, this pair could still see plenty of volatility this week with
all the GBP related economic news to be released; however, once it closes
above 1.3312 I believe it will be a rather direct path to the 1.4100 level.
Happy trading