Pair is constantly rejected when close to 200 EMA and GAP's from daily chart. It is very probable that any pair after the rapid movement on daily, weekly, 4h scale will move further in the same direction. The upper GAP(darker shade of blue) is holding recent attempts and created solid support/resistance area. This are will be breached in near term and it should create nice support for further gains.
The other highly probable scenario is that the pair indeed will go beyond recent highs but it will pull-back shortly after and move towards south.
For safe trade I would recommend R/R close to 2:1 which is based on current price and is marked with very green rectangle.
The other highly probable scenario is that the pair indeed will go beyond recent highs but it will pull-back shortly after and move towards south.
For safe trade I would recommend R/R close to 2:1 which is based on current price and is marked with very green rectangle.