I think this could go either way. I am looking for a retest of the green trend line and then either a buy riding up to the next hourly resistence line or a sell down to the support then a restest of that and then back up on a mini bull back up to trend which is probably more likely.
Comment:
This played out by following the resistance of the trend line shorting. I think it may retest again then long which may be a nice entry point or continue to fall to the blue support and then long up to and maybe past 0.006721. This is a tricky pair to trade and only my second go at analysis. I never placed a trade in the Asian session. Still waiting to see how this one plays.
Order cancelled