so this pair is giving us a head and shoulders along with a trendline break and a higher high. We've just got a retracement to this support zone which aligns with our 61.8fib.
also notice how this pair touched a lower trendline on the larger timeframes. we might see this badboy go up for a while.
To get a nice entry for this trade we should see a nice uptrend forming on the lower timeframes ( higher high & higher low )
Then buy at a broken level of previous resistance for a solid entry with a very good risk to reward
also notice how this pair touched a lower trendline on the larger timeframes. we might see this badboy go up for a while.
To get a nice entry for this trade we should see a nice uptrend forming on the lower timeframes ( higher high & higher low )
Then buy at a broken level of previous resistance for a solid entry with a very good risk to reward