Hello traders, have a couple of possible trade setups on this pair; both long as well as short positions.
As we can see that the price already broke the structure with a big momentum candle, it is very unlikely that the price reverses and change its trend. Also we have two possible ab=cd patterns in the making with a trendline on the top. A short position can be very much taken at the 1.376 level targeting 1.33 level. However , im personally more interested in take a long position on the completion of the two ab=cd which also compete at a previous structure level before.
Cheers
As we can see that the price already broke the structure with a big momentum candle, it is very unlikely that the price reverses and change its trend. Also we have two possible ab=cd patterns in the making with a trendline on the top. A short position can be very much taken at the 1.376 level targeting 1.33 level. However , im personally more interested in take a long position on the completion of the two ab=cd which also compete at a previous structure level before.
Cheers
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closed 1000+ pips