The pair is on a key resistance level which has been respected since 14 March.
Plan:
- Wait for the pair to tell us where the price would go.
- If it breaks above the level, wait for a pullback and a confirmation to trigger long.
- If it gives a sell signal and a confirmation, enter short.
- Trail until reversal momentum occurs.
Things to note:
- The pair is on a strong bullish momentum on the daily.
- Pair is currently OB on 4H so I'm expecting a correction before shooting up.
- The pair is respecting 50EMA on 15m TF
Plan:
- Wait for the pair to tell us where the price would go.
- If it breaks above the level, wait for a pullback and a confirmation to trigger long.
- If it gives a sell signal and a confirmation, enter short.
- Trail until reversal momentum occurs.
Things to note:
- The pair is on a strong bullish momentum on the daily.
- Pair is currently OB on 4H so I'm expecting a correction before shooting up.
- The pair is respecting 50EMA on 15m TF