Hello fellow traders, this pair has finished forming a head and shoulders and has already tested the neckline so a short should in play. Even though that is my current bias I will wait for a clear bearish commitment before entering on this pair. Since price is currently around a minor support zone I will wait for price to push higher and maybe even go for the H&S neckline again and I will enter my short trade there however if I see clear buying pressure I will not trade this pair. I am hoping to enter at 121.50 and my profit target will be minor support zone 2.
Please like and comment with your thoughts :)
Please like and comment with your thoughts :)