Expect this pair to go short.
Reason is because it broke a trend line and formed another high and rejected at a resistance zone at approx 1.2531 on the 4hr time frame.
It then started to going down and now pulling back to another support/res zone at 1.2484 and also near a trend line that is drawn.
Wait for the asian market to consolidate and once London session opens take a short trade near the support and trend line.
Tp be at around 1.2360.
Reason is because it broke a trend line and formed another high and rejected at a resistance zone at approx 1.2531 on the 4hr time frame.
It then started to going down and now pulling back to another support/res zone at 1.2484 and also near a trend line that is drawn.
Wait for the asian market to consolidate and once London session opens take a short trade near the support and trend line.
Tp be at around 1.2360.
Comment:
Have a lovely day traders!!!