I don't normally trade the 1H chart but this pair is increasingly getting ready to free-fall with strong downtrends on both the weekly and the daily timeframes.
Price has broken the strong weekly support, pushed back up and re-tested.
Price went on to produce a bullish engulfing candle which I have used for my entry.
Trade will trigger once price breaks the low of the BEEB with the first conservative target set at the first obvious support and the second at the swing low.
Price has broken the strong weekly support, pushed back up and re-tested.
Price went on to produce a bullish engulfing candle which I have used for my entry.
Trade will trigger once price breaks the low of the BEEB with the first conservative target set at the first obvious support and the second at the swing low.