Currently the PA is in between the outside candle from 18.09.2013.
A break of this range would imply that the Uptrend will continue.
As a candle will close above the close of the outside candle (approx. 0.83826) i will go LONG with the SL just a view pips below the Range (approx. 0.82069).
The TP will be placed at 0.89101 giving me a Risk-to-Reward ratio of 1:3.
A break of this range would imply that the Uptrend will continue.
As a candle will close above the close of the outside candle (approx. 0.83826) i will go LONG with the SL just a view pips below the Range (approx. 0.82069).
The TP will be placed at 0.89101 giving me a Risk-to-Reward ratio of 1:3.