On the HTF this pair is in a sideways Channel.
Price has moved off the lower Channel Support and appears to be moving back up towards Channel Resistance.
The intraday trend is up with 50 MA above the 100 MA.
On the intraday chart, price is consolidating within a Flag Pattern.
Look for buying pressure and or break to the upside of the intraday flag to go long with intraday trend.
Suggested trade is on chart with Entry, Stop and Targets.
1 trade with 3 Positions of equal risk ( Total Risk 1.5 % ).
Risk is determined, but reward is variable with a scaling out of positions.
Price has moved off the lower Channel Support and appears to be moving back up towards Channel Resistance.
The intraday trend is up with 50 MA above the 100 MA.
On the intraday chart, price is consolidating within a Flag Pattern.
Look for buying pressure and or break to the upside of the intraday flag to go long with intraday trend.
Suggested trade is on chart with Entry, Stop and Targets.
1 trade with 3 Positions of equal risk ( Total Risk 1.5 % ).
Risk is determined, but reward is variable with a scaling out of positions.