Higher time frames are showing weakness in the pair giving us confidence to take a 2:1 targeting the recent lows with our stop loss nice and safe above the R1 Pivot.
If price breaks through the recent low aggressively I will hold the trade until we see bullish price action coming into play.
If price breaks through the recent low aggressively I will hold the trade until we see bullish price action coming into play.
Comment:
We are now seeing some consolidation at resistance