I cannot say I am a fan of this pair or that it is a pair I look to make too many trades in.
This is even more the case at the moment with the price action that is getting printed at present.
Whilst it can often be very profitable to trade from a range high or low back to the other high or low, that is not the case here.
The price action is extremely choppy and sideways. The attached daily chart shows this clearly.
Even if you pick the direction correctly, the chances are that price will whip you out with a loss before you get close to your profit target.
This is even more the case at the moment with the price action that is getting printed at present.
Whilst it can often be very profitable to trade from a range high or low back to the other high or low, that is not the case here.
The price action is extremely choppy and sideways. The attached daily chart shows this clearly.
Even if you pick the direction correctly, the chances are that price will whip you out with a loss before you get close to your profit target.
