The most obvious thing for this pair is they already broke the support in H4 timeframe. As for me, this is one of the most interesting thing to trade when it comes to this kind of breakout. Just short in the support become resistance zone with minimal stop loss according to your capital. I expect the price going down some more. good luck everyone!
Trade Idea : Short
Price : Instant Sell
Take Profit : 40 - 60 pips
Stop Loss : As shown in the chart
Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!
Trade Idea : Short
Price : Instant Sell
Take Profit : 40 - 60 pips
Stop Loss : As shown in the chart
Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!