Hello Traders,
We finally made it to Friday.
Today we have a tricky trade on the charts.
Personally, I won’t take the trade because it’s not a high probability trade, but again, you never can tell, one man’s meat is another man’s poison.
Let’s hit the charts guys…
1. EUR/USD
The EUR/USD on the 4 hours chart has broken a key resistance level (1.12006), however, price refuse to hit the next possible resistance level (1.12800)
A pennant is formed, showing price indecision.
If price breaks through the support (1.12006) of the pennant, we most likely will see price hit support level 1.11350 and if the resistance level is broken 1.12333, price will most likely touch the next possible resistance level (1.12800)
That’s it for the week ladies and gentlemen, join us again on Sunday for another market review of your favorite pairs.
Do have a great weekend.
Kamerad Pipo..EurAud going back to 1.6131 let’s rockin’
Let’s see how it goes this week