Potential short-term downside movement on this pair. I would wait for a clean break downwards of ascending trendline before looking for opportunities to short this pair.
Commento:
White TP line is derived from H4 chart where it's the 50% of recent impulse move up
Commento:
Commento:
Up or down, the next few hours candle will tell. Price is at the top of the descending wedge, could break upwards or downwards below brown trendline
Commento:
Break towards the upside and re-test has occurred. You should have long this pair on the re-test. I did not, currently will be looking for potential opportunities to long if anything presents.
Commento:
Current view with 2 TP levels for a long trade:
Commento:
40 pips so far
Commento:
First target achieved. 70 pips