We are looking at an accumulation 1 that price broke through and is retesting the resistance. I'm Looking to go long until around 1.87131 to 1.8986 and up. Manage risk.
Keep an eye out for buyers and sellers. Also look for strong candlestick movements in the market. But be ready, I'll update in an hour or two.
As you see in my idea that the bears is showing more dominance and has complete shown how its going to behave over the next couple of days, maybe even years. The US Fed has announced that interest rates are going to be held at near 0 through 2022 due to the Coronavirus outbreak. Find an entry reason if you want to get in this trade. I got in at 1.33920. I wish you luck.
TRADE THE RANGE UNTIL BREAKOUT! Price showed an immediate strong bull pressure towards resistance. Rejected. After, there a strong bear candle a a tiny pull back and another BBC (Big Bear Candle). Once I've seen that information I can already have the intention that its going to be doing that for a while.