Price is moving in an upward bullish channel by forming clear Highs
Price pulled back to find liquidity which confluences with the bottom trendline and demand level
Waiting for a clear bullish rejection to enter
The trend is quite extended.
Im going to apply strict risk management on this idea. SL to Break even after a 1:1 ratio has been attained.
Executing the trade upon evidence of a reversal candlestick pattern from the demand levels.
My sentiments are currently to the upside for this pair.
should price break my supply level, I will be looking to take trades to the upside.
the rejection of that level will mean sellers are in control.