Looking for a long position but will use proper risk management, teacup formation but also cud drop some to create inverted H & S or just rise from current position. either way i am long on this position.
let it break that area first then we can look for a 3rd entry. I am shooting for 500 pips already up 150 pips
This pair is still an uptrend and i see it still rising toward my initial tp area.
Price is right under a resistance area its been holding strong now we are looking for that drop.
Had this mark-up from last week must have forgotten about it missed the drop. However, we are right under the resistances area so will set sell stop under previous candle.
Last week i see a lot of ppl trying to short this pair, why? there is no indication of a bearish movement be patient and wait for it.