108.113 is a key support level for the pair.The pair is showing a bearish bias as the EMA,50 is above the EMA,26 on the 4H chart, however the pair could retrace to the ceiling of the V1 zone, where the T2 line short term trend line is, before continuing the bearish momentum.
In Conclusion, I’m waiting for the bearish setup as i don’t think its advisable to trade against the trend.
Entry Position : 108.772
S/L: 109.140
T/P 1: 108.258
T/P 2: 107.96
In Conclusion, I’m waiting for the bearish setup as i don’t think its advisable to trade against the trend.
Entry Position : 108.772
S/L: 109.140
T/P 1: 108.258
T/P 2: 107.96