X marks the Spot.
For a Bearish Price Action, I posted last week on a Bullish setup on this pair, but we had a failed breakout on this cross as Bears drove it back down into the Range. I'm skeptic about taking a SELL as the previous candles are showing Higher lows. If we do break out of the Local Low, look for 1.58380 to scale first profit. 2nd Target at 1.54885
For a Bullish Price Action, A close back UP, reactivates my Bullish setup.
I am neutral on this pair.
For a Bearish Price Action, I posted last week on a Bullish setup on this pair, but we had a failed breakout on this cross as Bears drove it back down into the Range. I'm skeptic about taking a SELL as the previous candles are showing Higher lows. If we do break out of the Local Low, look for 1.58380 to scale first profit. 2nd Target at 1.54885
For a Bullish Price Action, A close back UP, reactivates my Bullish setup.
I am neutral on this pair.
Order cancelled:
Bearish setup invalidated.