beautiful set-up and great analysis! on my chart there is just a minor structure level near the price entry (below luckily) due to a few weekly lows having tested that level. i set up my order in the middle of last week for that one. looks like it could get filled today. also looking good since RSI is already oversold on daily and 4H. so nothing to cry about if this one ends up as a loss!
This pair is neither in my portfolio. Of course I will not be taking it for many reasons, but it is good to see Akil how you read and analyze the chart looking for entry opportunities. Good luck for those who are in this trade.
I agree 100%, th emarkets will do what the markets want to do whenever the markets want to do it. All we can do is make sure that our strategy has an edge and that we continue to consistently exploit that edge in the market