I analysed thus last week, i think this going back up, waiting for a pull back to take longs if we can catch a buy support we will have 400 pip tp. All about risk reward.
I did one previous tothis this pair, i was waiting for confirms to see wheres it going to. Heres a trade, waiting for a pull back then to take longs. A few hundred pips tp.
Im waiting for this price to break this consolidation, you cant really catch much pips at the moment, waiting for a break and sell the next LH. Prefer to wait and catch 200-300 pips than trade with small risk.
Price is slowing down around this area with my 4h level(blue ray) and i think no one else is selling this no more so be patient and wait for more rejection wicks then we can place longs. Most of my trade will be 1-5 win ratio. The minimum will be 1-3.
Ive noticed on todays daily candle it has momentum, by seying this we can tell the next daily candle will make a bottem wick then to push up more. When i notice this to pull back i will find where the buys took control and buy from the next High Low(HL).
