Please look at my previous idea to get some history behind the analysis of this pair.
Price action may be breaking the upper trendline, and what we saw toward the back end of last week could most likely have of been a flag. THIS IS NOT YET CONFIRMED. If I get a confirmed close on the daily this could put the pair in a good position to move up for the rest of the week. I myself will not get involved until we have a confirmed weekly close on this. I also would not enter until we have a retrace. At this point i will look to update this idea with targets as per the trend based fib.
Dont get drawn into what may be a fakeout, or by the emotions and the fear of missing out. Stick to your trading plan.
Price action may be breaking the upper trendline, and what we saw toward the back end of last week could most likely have of been a flag. THIS IS NOT YET CONFIRMED. If I get a confirmed close on the daily this could put the pair in a good position to move up for the rest of the week. I myself will not get involved until we have a confirmed weekly close on this. I also would not enter until we have a retrace. At this point i will look to update this idea with targets as per the trend based fib.
Dont get drawn into what may be a fakeout, or by the emotions and the fear of missing out. Stick to your trading plan.
