In first days of this year price broke out from a descending wedge and now returned to the upper limit of the wedge which is also a bearish trend line. Reaction from demand on this line was quite overwhelming.  Its worth considering opening a BUY trade. If the pairs price do not fall below 1.0325 we can expect a growth  at least to level 1.0450 or even further to 1.0600.

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Since 2010, he has been actively involved in the Forex market up to now. He is a supporter of Price Action and using as few indicators as possible. He believes that the simplicity of the system and consistency in its application is the best way to success in financial markets, and lack of patience is the most frequent cause of failure. Interested in classical systems based on Technical Analysis and in psychology - mechanisms that guide human behavior and conditioning decision making in trading.