- Very good opportunity to go for a short position on this pair at the reversal of the supply zone .
-Another confluences is the EMA is above price which shows bearish trend of the pair.
-Wait for a strong bearish candle at the supply zone and enter the trade.
Let's see what happens during the week!
Price is currently in consolidation and did not reach the level expected but it would have an okay breakout trade with a small risk to reward ratio.
Trade closed: target reached:
The trade closed with a risk to reward ratio of 1:5 !!!