My daily chart depicts how I read the movement in this pair so far and what I expect will happen next. My bias continues to be bullish and the only question in my mind is if the current retracement will reach the support I have marked, or will the turn around take place earlier. I will be monitoring as best as I can what happens next.
If the bullish trend resumes at the area I marked, we are looking at a 4R trade.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!