24.01.2020
The overall trend is upward. The pair is trading in the range of what is presumably a corrective downward price channel. The price is also in the range of the round important level of 113.00 and two moving ones (365 and 135). Stochastic Oscillator indicates oversoldness.
Trading recommendations:
Buy while an ascending 123 pattern is forming, strictly above the round secondary level of 113.20.
Stop Loss – 112.70.
The goal is 114.20.
When the profit is equal to the stop order, move the stop to breakeven.
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