Long on retracement if its deep enough.
Well we saw a break above key resistance including the Daily 200 Moving Average, so what I'm looking for is price to retrace back down to broken resistance turned support at around the 200 Moving Average. If price doesn't retrace deep enough to the 200 Moving Average then I will have to sit aside and re-evaluate any potential trade setups I had in mind on this pair. If we do get a retracement down to the 200 Moving Average I will be looking for long entry confirmation through a daily candle doji / pinbar / hammer etc. Will update with price targets if I enter the trade.
Cheers =)
Cheers =)
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