Initially, our bias was bearish for this pair, as the price was consolidating and forming a top at the area of the descending trendline. However, after a nice bullish candle broke the level of resistance and closed above, we have shifted our bias from bearish to bullish, and we will be executing once the price re-tests the broken structure, as indicated on the graph. Our target level will be set at the area indicated on the chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.