Hello Traders,
I'd keep this simple.
On the weekly timeframe, we have a W pattern and the expectation is that we would see a retracement.
On the daily timeframe, you will notice that price formed a bearish CHOCH and also printed relatively equal lows.
I'd be waiting to see price retrace into my daily orderblock and drop into the 1hour timeframe to look for a trade setup according to my trading strategy.
Keep this pair on your radar.
Cheers,
Jabari
I'd keep this simple.
On the weekly timeframe, we have a W pattern and the expectation is that we would see a retracement.
On the daily timeframe, you will notice that price formed a bearish CHOCH and also printed relatively equal lows.
I'd be waiting to see price retrace into my daily orderblock and drop into the 1hour timeframe to look for a trade setup according to my trading strategy.
Keep this pair on your radar.
Cheers,
Jabari