Dollar showed some strength but in technical terms everything is against it and fundamentally traders are still very bullish on it, Anyway as you are seeing this pair now getting some rest and it's in correction mode, It formed a nice rejection candle on top of the pull back then an inside bar so there are two scenario for it:
1. A bearish breakout of inside bar
2. A bullish breakout or inside bar
I'm looking to trade for now the first scenario and I opened a sell stop order below the low of rejection candle and if it didn't triggered I will close the order and wait to short it from second lower high zone.
1. A bearish breakout of inside bar
2. A bullish breakout or inside bar
I'm looking to trade for now the first scenario and I opened a sell stop order below the low of rejection candle and if it didn't triggered I will close the order and wait to short it from second lower high zone.
