Evidently, price is in a downtrend. "Never go against the trend" immediately comes to mind. While price is currently trending upwards on the lower time-frames, which i have highlighted by the demand zones, i will ultimately be shorting this pair once price enters Supply 2 and shows signs of a rejection. SL will be a few pips (5-10) above the red zone and TP will be at Demand 1.
Kommentera:
my confirmations weren't met on this analysis...i essentially missed this trade
Kommentera:
both TP targets reached nevertheless. If you entered this trade, i'll suggest taking some profit or closing entirely.