Aggressive traders can look for entry at this level. The pair is oversold and looks like the bears are loosing momentum as we can see from some indicators.
Conservative traders may look at the R1 level and buy a possible breakout with greater chance of success. Either ways the reward is nice, R/R is acceptable and probability is 80%.
I have a similar idea for the positively correlated pair GBP/NZD and you can have a look at this as well.
Good luck to all as always!
Conservative traders may look at the R1 level and buy a possible breakout with greater chance of success. Either ways the reward is nice, R/R is acceptable and probability is 80%.
I have a similar idea for the positively correlated pair GBP/NZD and you can have a look at this as well.
Good luck to all as always!
Trade active:
So far so good. Still way to go
