EJ Long trade idea

٤ أغسطس ٢٠٢٠

This pair has been in a clear uptrend for sometime now. We've tested previous low's on the weekly timeframe, and now we are testing the weekly highs. I strongly see this pair moving to the 125.760 area which is our next weekly resistance area. at this current moment prices are ranging which can possibly be a nice entry point. Also based on the COT report, the euro pairs, and yen pairs have been getting stronger overall.
But remember never to take a trade based on someone's analysis do your own and follow your trading plan. Good luck to everyone.