Wagwan traders, my last post was about this pair and my idea didn't go so well. I entered a buy position around 1.20500 and price could only push up to 1.20900 which is quite disappointing but no loss was taken so all good.
My bias is still the same and we are at a key level for bulls to start stepping in and push price back up. Price has been reacting nicely off the .786 fib I've drawn and might be a sign that price will start pushing up soon. I will be looking for nice confirmation that bulls can step in and push price back up. Of course price may start pushing further down due to the amount of short sellers reported in the COT and if this is the case I will be looking for a break and retest of the next support zone. Are you guys short for this pair or looking for long positions? lemme know xx
My bias is still the same and we are at a key level for bulls to start stepping in and push price back up. Price has been reacting nicely off the .786 fib I've drawn and might be a sign that price will start pushing up soon. I will be looking for nice confirmation that bulls can step in and push price back up. Of course price may start pushing further down due to the amount of short sellers reported in the COT and if this is the case I will be looking for a break and retest of the next support zone. Are you guys short for this pair or looking for long positions? lemme know xx