Waiting for the pull back into the last bullish candle, I will be looking for a long position once an entry candle is seen... If not wait for the pull back to hit the trendline and then look for a bullish candle for a 1:3 RR trade.
Possible sell entery as the price fails twice to break the resistance zone. However take profit should be set at the bottom of the support aiming at at 3:1 risk to reward retio.
The currency pair has been on a rectangle trend hitting the support and resistance zone a couple of times. I expect the price to try to hit the resistance zone at the top however entry should be conservative with t.p on the map out zone while tp 2 should be at the top resistance zone. Enter trade once new 1 hour candle opens still having a bullish momentum.
The currency pair has been over bought for a long time and has reach what I believe to be it's highest point. The pair would begin to short heading to the marked zone in the coming days. And a possible breakout to the previous support zone
