In this video I discuss a potential buying opportunity from key support.
The support range is from 20 to 19.50. I wpuld wait until 19.8 to 19.7 to start nibbling at this one.
Price has pushed a bit lower but has not quite reached my target. I will either wait for that target to be reached or if a price action signal is thrown at the 19.9 area I may jump in higher than expected. In eitger case I continue to wait. Price has dipped into the low 19.80's and some may have chosen to go long at that point. I think that is fine but myself am waiting for a bit deeper retracement.
I am not in this trade yet as I did not get the depth of retracement that I was aiming for. Regardless, this pair is starting to put in a bottom right around the 20.00 area. This may be a good opportunity to be waiting for price action signals on any more retracements into this 19.90-20.0 range to get long.