It is clear that this pair is trading between 2 Supply and Demand Zones.
Currently we are heading to the resistance level.
If this level is rejected I believe we will head back down to the support zone.
If we get a clear break and retest of this zone I will be looking for longs.
Currently I have no trades on this pair and will just keep an eye on it for the next week.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
Currently we are heading to the resistance level.
If this level is rejected I believe we will head back down to the support zone.
If we get a clear break and retest of this zone I will be looking for longs.
Currently I have no trades on this pair and will just keep an eye on it for the next week.
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.