Price has approach a confluence area, the 107.00 level is support turned resistance. I will be looking for a bearish engulfing candle to short this market down to the 105.00 level.
Please support with LIKE if you find this trade idea useful. Thanks.
Note: This is not a financial advice, it is for information purpose.
Appreciate the analysis, I've got the same outcome for this pair, lets see how it performs for the week
Emmanuel_Ailen
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Thanks @forexwithfred, appreciate yours too...will do an updated analysis on this in the coming days.
Fxjulius
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@emmanuel_alien thanks
Emmanuel_Ailen
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@Julzey, you're welcome
Fxjulius
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What time frame chart did you make your analysis?
Emmanuel_Ailen
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@Julzey, 1D and 4H timeframes, but this is the 4H TF
Dave-FX-Hunter
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That is good job, keep going.
Emmanuel_Ailen
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@DaweFXHunter, Thanks mate...quite informational video you've got here...will pay close attention to that zone on the rectangular box if price blast pass this cuurent significant level of 107.00. Happy trading!