Pair has lost it's volatility 2 months ago. We periodically experience impuls candle, like yesterday, but those are of less importance while in range area.
We can expect by end of month, break of range. Short break is more likely due few factors.
- Bearish pattern triangle
- Bearish long term trend
- Bullish dollar
Agressive way of trading is to short it immediately, but I am always waiting for break S/R. If price breaks to the upside, I am scraping short trade.
We can expect by end of month, break of range. Short break is more likely due few factors.
- Bearish pattern triangle
- Bearish long term trend
- Bullish dollar
Agressive way of trading is to short it immediately, but I am always waiting for break S/R. If price breaks to the upside, I am scraping short trade.
Order cancelled:
We got another push up, but still don't consider it as new trend, since we got third bounce of previous high. Idea is anyway canceled and making new analysis.
Thats is why is always wise trading only breakouts.
Thats is why is always wise trading only breakouts.