So I did ride this pair down to the lows we saw yesterday, a few trades and so good pips.
Didn't go quite as low as i initally expected but still hit previous points of support and was pretty much inline with the oversold area of the RSI. But from this level it has shown a good move up before.
So it could drop lower, but loowing at teh lower time frames does seem to be the start of what could be a nice chance to go long as point D has shown to be an area of good resistance
Didn't go quite as low as i initally expected but still hit previous points of support and was pretty much inline with the oversold area of the RSI. But from this level it has shown a good move up before.
So it could drop lower, but loowing at teh lower time frames does seem to be the start of what could be a nice chance to go long as point D has shown to be an area of good resistance