Hey Guys!
So this pair has seen some interesting megacycles in the last year and a half, and it has just bounced off of a massively important support level @ 1.37107. I'm longing this pair into the lower time frame trend line for the time being.
It remains to be seen how the price action will react to the long term trend line - it will most likely respect it and break lower, but in the past the price has only bounced off of the long term support once.
If this pair DOES do the unexpected and break lower, it will immediately become a short if its a confirmed candle.
Trade Well.
-AW
So this pair has seen some interesting megacycles in the last year and a half, and it has just bounced off of a massively important support level @ 1.37107. I'm longing this pair into the lower time frame trend line for the time being.
It remains to be seen how the price action will react to the long term trend line - it will most likely respect it and break lower, but in the past the price has only bounced off of the long term support once.
If this pair DOES do the unexpected and break lower, it will immediately become a short if its a confirmed candle.
Trade Well.
-AW
