MARKET ANALYSIS: The pair is trading inside a long term channel. Now it has reached the resistance level. Mean while there is a support near by. So if the support is broken we can expect the market to reach the next possible support level.
ALTERNATE SCENARIO: Mean while if the channel resistance is broken the trade is invalid. We will look for a better long entry. So lets wait and see what the market does in the coming days. Cheers!
ALTERNATE SCENARIO: Mean while if the channel resistance is broken the trade is invalid. We will look for a better long entry. So lets wait and see what the market does in the coming days. Cheers!
