I have been paying attention to this pair for some time now and it has proved to be a very lucrative trade. I think currently this particular pair is beginning a strong bearish setup. I also think that one should consider this setup, or atleast pay attention to price action. Feel free to comment and share ideas!
I simply think that, if one has missed out on the beautiful price action prior to this setup, this is extremely worth considering. As price action bounced of key level support I think that it would take out prior high and fluctuate around 1.8650. Very effective method if applied properly. Open to any constructive criticism, please feel free to indulge in this matter.
Very new to forex trading, simply trying to formulate a trading system and going over some of my techicals I thought I would share it with some of the newbies out there such as myself. Seems like an assured trade setup. Also a very strong sell signal depending on the individuals attitutde to risk and available capital it would be a very lucrative trend ride.