Overall this pair is bullish if you look on higher timeframes but i think i found a nice trade opportunity off of a possible retracement. On the 1hr timeframe price is trading within a channel and the top of that channel is showing potential for a double top pattern. I beleive price will break through the channel but not the whole way because like i said before its looking very bullish on higher timeframes my tp has been set by what i see on 4hr timeframe with fibbonacci tool and my sl has been set based off 1hr timeframe. Good luck traders
Note
SL hit
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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.