The pair has been on my radar for quite some time now. The plan here is very simple. I think that as long as the price stays above the up trend line we can see bullish continuation. Our trigger should be the break of the resistance zone around 93.40-50 and we can aim to take 94.80 as first target and then possible continue slightly higher.
Technical Overview:
H4: price is moving inside a pattern, possible wave duplication
Entry:
H4: break and hold above the resistance zone around 93.40-50 should take us higher for wave duplication.
Target 1: 94.80
Target 2: open
Stop Loss: below the broken resistance and up trend line
Video Explanation:
Yours ,
Vladimir
