Price is currently moving within an ascending channel which has potential to move higher to create a 3rd touch of the channel at the physcological level of 1.119 before the bearish run starts.
If price is unable to break above 1.0935 then I will look for a short entry to 1.04 range.
Follow your trading plan and be patient.
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Trade Safe
If price is unable to break above 1.0935 then I will look for a short entry to 1.04 range.
Follow your trading plan and be patient.
Share your opinion on this pair by leaving a comment!
Thanks
Trade Safe
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.