Price has shown several signs of rejection at the resistance level on Daily TF, H4 and H1. i can also identify a divergence on both H4 and H1. hence will shot the pair.
Price is at a daily support level, we will be on the look out for a small pussh to the upside then back to the support then buy it and hold for the whole week.
Waiting for possible break of the trendline to the downside and retest then we shot the pair.
Possible sell setup with a sell stop placed below the channel.
Price broke the bullish flag and pulled back to retest the violated structure......its ready for a bullish move, by the end of the week it may reach TP, NOTE: trade with caution, Trailing will be very necessary.
Price rejected twice at the most recent resistance level, most likely we should short this pair and hold positions for the whole week.
Possible short setup with a sell stop at 1.0480, wait for price to reject at the 200 EMA
Price broke a key level which i anticipate a pullback to the same level, we will wait for price to reject this level then we enter.