This pair is also currently range trading. We had a clear BCR of the Supply and Demand zone with continuation the the upper Supply and Demand zone.
We are now heading back to the resistance level where we might test is with the 50EMA on the daily. If retest is successful we will continue to the next Supply and Demand again and maybe all the way to the 200EMA on the weekly.
We have had a Break an Close below the 50EMA on the 4H. So I believe we will continue south till we hit the support
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.
We are now heading back to the resistance level where we might test is with the 50EMA on the daily. If retest is successful we will continue to the next Supply and Demand again and maybe all the way to the 200EMA on the weekly.
We have had a Break an Close below the 50EMA on the 4H. So I believe we will continue south till we hit the support
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.