Well the pair is now approaching previous resistance which is at the .382 Retracement of the previous leg down. So I'm personally neutral on this pair until I get a signal to enter short, such as a daily candle doji or pinbar (I don't trade engulfing candles due to unfavorable Risk/Reward offered by them). Will keep updated with targets if trade is entered.
A daily candle close above resistance will signal me to look for long entries on the lower time frames. Also, if that happens I will update with a lower time frame chart to show my targets and stops. Cheers =)
Also do note the 200 MA has essentially flat-lined confirming the range on this pair.
A daily candle close above resistance will signal me to look for long entries on the lower time frames. Also, if that happens I will update with a lower time frame chart to show my targets and stops. Cheers =)
Also do note the 200 MA has essentially flat-lined confirming the range on this pair.