THIS IS NOT A SIGNAL BUT AN EDUCATIONAL POST FOR STUDY PURPOSES.
If you enter this trade you do so at your own risk.
This study allows us to watch price action as it approaches a key level in the market. We watch to see if price will respect this key resistance zone, or if it will reject it and continue upward. This pair can be correlated somewhat to USDZAR in terms of market structure. If price rejects this key level I would look to sell to the trendline which also happens to be confluent with a key fib level in the market. . Trade at your own risk.
If you enter this trade you do so at your own risk.
This study allows us to watch price action as it approaches a key level in the market. We watch to see if price will respect this key resistance zone, or if it will reject it and continue upward. This pair can be correlated somewhat to USDZAR in terms of market structure. If price rejects this key level I would look to sell to the trendline which also happens to be confluent with a key fib level in the market. . Trade at your own risk.
Trade closed: target reached