Consecutive lower highs doesn't look strong.
This pair over the past year or so has had a major bull rally but we have seen this start to slow down. It has made 3 lower highs in a row and this to me looks quite bearish. Plus we have some candle conformation with those 3 highs all looking like shooting stars or not far off them. So i would place my stop somewhere a little above this trend line i have drawn and my price targets are somewhere around the 118.311 major resistance level. This trade has great R&R and there are a lot of pips to be made.
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.