This is what i'm expecting on this pair. Weekly timeframe
is close to overbought with double top
, so room for more upside would be an upset for me. Of course that is bound to happen sometimes, but my goal is to aim at profitable trade (good RR) with good chance of happening.
On this case, on daily this is less obvious because we will be touching the BB on TMS
, with a good probability for pullback.
In order to catch this move, I recommend to open a limit sell closer to 1.93 in order to improve RR.
Trade with your own diligence,