I am having this pair on my watchlist since a while now and ever since it broke the last downtrend I was looking for a good opportunity to throw myself into the market.
This trade is based on a very basic price action analysis. I prefer to keep it simple, as simple worked best for me so far.
Between the current price and the 200 EMA level is a pretty good entry. I am looking to go long first thing the first quotes come in tomorrow and aim for a test of the last high.
God speed my fellow traders!
Trade closed: stop reached
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Unfortunately this one didn't pan out as expected.