Forex Technical Analysis: Trend potential – Remain long


Technical observation

USD has been trading with an increasing bullish bias for several days now and today I anticipate a further momentum to the upper side. If you picked bullish positions within the zone 144.68-144.39, remain in the trade with your take profit at 151.50 and stop-loss at 143.18, in case there is a clear break above the level 151.50 with a big green candle, wait for a correction to this broken line and a rejection at it before you continue long with USD. As it is on the chart above, as long as the value of USD is sustained above the zone 144.68-144.39, only bullish positions look ideal and can be recommended.

Trade recommendation

Remain long with your take profit at 151.50.

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