Interesting pair since we have a lot of trend lines, 4h, 1D, W trend lines. All of them are crossing somewhere around aria in which we have to work next week :)
We have decided to look for some short term opportunity on 4h chart where we have broken neutral channel and nice confirmation where price respected our support line and now we expect rise to the 1D descending trendline and that is the level we will be looking to take our profit.
From that level we will see during next 2 weeks how the price will react since we will have crossing of 1D descending and 1W ascending trendlines.
We will be monitoring price action to see where this pair will end up going.
If you like this idea, please LIKE it and leave a comment below.
As a reminder, please, for your protection, apply 1-2% risk management policy.
Check our other ideas as well.
Best of luck and profitable week to all!
We have decided to look for some short term opportunity on 4h chart where we have broken neutral channel and nice confirmation where price respected our support line and now we expect rise to the 1D descending trendline and that is the level we will be looking to take our profit.
From that level we will see during next 2 weeks how the price will react since we will have crossing of 1D descending and 1W ascending trendlines.
We will be monitoring price action to see where this pair will end up going.
If you like this idea, please LIKE it and leave a comment below.
As a reminder, please, for your protection, apply 1-2% risk management policy.
Check our other ideas as well.
Best of luck and profitable week to all!