An impending move upwards

15 Ara 2016

Could the bounce off 1.4140 see another move up to the 1.44500 area?

The structure forming at the bottom might be suggesting a new pattern forming, but from that support area, it might be worth a long position with a good RR ratio

15 Ara 2016

Not

I'm scaling in - started at 1.41598 - stop placed at 1.41110.
Risk to Reward 5:1

19 Ara 2016

Not

A bit of a scrambled start but we seem to be off and running...
About another 100 pips to reach the 1.4455 - I wonder if we'll get there...

22 Ara 2016

Not

mmm, so the question now is, will it return back down that channel...
Not a bad effort though, following the upward move ...