This is my view about the possible and highly probable move on this pair that will follow in the near future.
On the hourly we can see that PA has broken out from the trendline of the corrective structure after retesting the 78.6% of the previous impulse and a perfect buy setup is setting up on the 15m which will allow us to enter this trade, let's hope, from the very bottom of the next impulse and ride it till the next high probability target that is shown on the chart.
Please do not follow my entry suggestion blindly since I am always adapting it according to the actual price action. You have to have a well tested strategy with good money management for entering such a trade.
Have a nice day!
On the hourly we can see that PA has broken out from the trendline of the corrective structure after retesting the 78.6% of the previous impulse and a perfect buy setup is setting up on the 15m which will allow us to enter this trade, let's hope, from the very bottom of the next impulse and ride it till the next high probability target that is shown on the chart.
Please do not follow my entry suggestion blindly since I am always adapting it according to the actual price action. You have to have a well tested strategy with good money management for entering such a trade.
Have a nice day!
Comment:
This should be my entry point into this trade:
Trade active:
If you took the breakout, you can put it into BE. If you are not in, take the next breakout to buy yourself into this trade.