I have been waiting for this trade for a while now, the pair has been catching retail traders on the wrong side for the past week, however, I decided to stay out, trying not to "catch a falling knife"!
We saw a big final push on Friday, rejecting the weekly support of 0.6500 along with a 4 hourly pin bar candle. We are seeing now upside on the hourly chart closing above that 0.6500 level, but I am watching to see if we can have a second test of these bottom levels before the big upside, patience will be key for this pair even still.
We saw a big final push on Friday, rejecting the weekly support of 0.6500 along with a 4 hourly pin bar candle. We are seeing now upside on the hourly chart closing above that 0.6500 level, but I am watching to see if we can have a second test of these bottom levels before the big upside, patience will be key for this pair even still.