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The short bulls are supported at 0.7736 levels by 7DMA and channel base to bounce back.
The current prices jump again above 7 & 21DMAs which is a bullish sign.
Interestingly, it has managed to evidence 7DMA crossing over 21DMA that signals uptrend continuation.
Healthy bullish momentum seen as the short term bulls are favoured by both leading and lagging indicators.
Trade tips: Irrespective any analysis available in this planet, what matters for successful trades end of the day is how much money you've made or how much have you mitigated from incurring risks.
Hence, when you are so certain about your research, so what deal in getting stuck with tepid fluctuations, how about adding leveraging effects to your profitability (have a look on %change in FX option during high IV times), Isn't this unbelievable yields in FX options?.
Well if it's luring you, let's shift from nerdy asset avenues and switch over to leveraging products.
At spot ref: 0.7893 (while articulating) option strategy using above/below binary calls with OTM strikes of 25-30 pips for intraday speculators in an ongoing bullish environment that is likely to fetch certain yields as we observe 1D IVs are spiking higher with sky rocketed pace (14.59%) ahead of significant economic event by BoE (which is likely to stand pat in its monetary policy).
When we use such leveraged instruments using ATM strikes that are far more sensitive since higher IV greatly increases their chances of expiring ITM. So, we think no other strategy would be deemed as more efficient in such vigorous bearish environment as the payoffs would be exponential on winning trade.
