We were bearish on this pair last week. However, due to the last daily candle close above the last lower high, we are bullish on the pair now and looking for a buy. Due to the latest chart structure on the daily, we saw a double bottom form, which is a strong indicator of a reversal. We are going long on this pair up until the 61.8 Fib level. We will take our profit there and then look for a retracement and a re-etry to go long again.
For more information on signal calls, please visit rileyedwardsfx.com
Happy Trading!
For more information on signal calls, please visit rileyedwardsfx.com
Happy Trading!
Comment:
Hold this trade!