Confluences:
Daily time frame:
-Head and shoulder pattern formed (high probability trade setup)
-Price broke through a zone
-Pair has been in a downtrend (long-term)
-DXY is about to break 90 with the same head and shoulder pattern hence, waiting for a big drop
-Good risk reward, high probability, I love this setup
Side note: this pair is not a major but price action is price action :)
Feel free to tell me what you think!
Daily time frame:
-Head and shoulder pattern formed (high probability trade setup)
-Price broke through a zone
-Pair has been in a downtrend (long-term)
-DXY is about to break 90 with the same head and shoulder pattern hence, waiting for a big drop
-Good risk reward, high probability, I love this setup
Side note: this pair is not a major but price action is price action :)
Feel free to tell me what you think!