This pair MN is playing near key support levels I expect buying pressure to come out of nowhere and suprise sellers before it does their intended target around 106/106.80 for that shall be the MN sell zone entry 105 flat so that's a whole big range fore price to make its mind up. If bears takeover with closes below the 106, and holds with consolidation I'd consider the move downwards, but there's a reason I'm bringing this to you attention for I see a morning star pattern twice from the gap and its actual pattern seen with the white candlestick close 🔨 (so I expect a small or full wick fill before it throws up on us all and you know the movement of that'which is up then down therefore I showed the buy sell idea and explained it's intraday movement in the start
So if we sell well look to sell around its highest second made 108.200/107.800 zone I haven't made the necessary analysis yet of turning point but I know it shall be on clear Rejection. Thanks to my Indecision candle I know this is where we will play in if the hammer holds I'd consider that a good enough range for MN and therefore it's a whole 50$ move (500pip5000points) up as USD is wanting to recover, then another 1000pips down or more
••• SL is taken as breathing space so I'll like to see it play below before looking for a turnaround or takeover of bullish momentum before I take a buy entry °°°°°hence I look to buy sell than buy to the shown place with two successive entries one on the SL & another in the indicated entry MN( opening of bull candle )
This is to help trade decision making. If you like the plain setup view please like
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.