As you can see price has bounced of strong support ( red box ) and is on its way up to our next area of strong resistance ( green box )
This should be a short trade for you and could make you around 60-80 pips, but get o quick as price is making its way up now.
I would say that if you are trading this pairing I would put a tight SL on as we have some high impact news coming up shortly that could see some high volatility.
This should be a short trade for you and could make you around 60-80 pips, but get o quick as price is making its way up now.
I would say that if you are trading this pairing I would put a tight SL on as we have some high impact news coming up shortly that could see some high volatility.