The price on this pair is rounding = Bullish
I have drawn in a semi circle to highlight how the price is rounding upward and drawn a trend line to highlight the point that price initially dropped. The ideal entry will be to wait for a break of this trend line followed by a retest and rejection of this zone turning it into a new support. Ill be looking to take a 2 X ATR take profit and a 1 ATR stop loss (maybe increase the loss slightly to take up the larger spreads this pair is prone to).
Wait for the break and retest = Bullish = God entry!
I have drawn in a semi circle to highlight how the price is rounding upward and drawn a trend line to highlight the point that price initially dropped. The ideal entry will be to wait for a break of this trend line followed by a retest and rejection of this zone turning it into a new support. Ill be looking to take a 2 X ATR take profit and a 1 ATR stop loss (maybe increase the loss slightly to take up the larger spreads this pair is prone to).
Wait for the break and retest = Bullish = God entry!