We are currently in a downward parallel channel which has recently bounced of the top of this channel leaving a Doji candlestick. So my main bias for this pair would be a short.
My next trade enter would be if on the daily charts if it could break the green rectangle of consolidation. With my first target being 1.38090.
However if it does not manage to get through this area of consolidation I would definitely be looking for the trend line break to the upside as it is constantly testing the upside of the trend line.
My next trade enter would be if on the daily charts if it could break the green rectangle of consolidation. With my first target being 1.38090.
However if it does not manage to get through this area of consolidation I would definitely be looking for the trend line break to the upside as it is constantly testing the upside of the trend line.