This pair might offer a very good risk ratio for a long trade on the daily timeframe. It seems like a upper channel is starting to take shape.
We might see a triangle forming first.
In a any case, we are at the very bottom of a potential channel which is a perfect spot to enter the market with a tight stop loss. Then move stop loss to breakeven as soon as we are back into the 1.06 zone.
We might see a triangle forming first.
In a any case, we are at the very bottom of a potential channel which is a perfect spot to enter the market with a tight stop loss. Then move stop loss to breakeven as soon as we are back into the 1.06 zone.