In the higher timeframes, the pair is bullish, very, and that's where the problem is, that there aren't recent structures to break to signify a trend shift.
In the weekly timeframe, the pair is still bullish, facing the same monthly situation of lacking recent structures.
In the daily timeframe though, the outlook is different, although there aren't any near trend ending structures, but there are retracement broken structures which we can use to define the trends, with which we are currently in the daily validation level.
In the lower timeframes we are bearish while confluence with the daily level we get a low risk high probability entry.
We are risking as low as 25 Pips, while targeting a potential RRR of 1:10+.
DISCLAIMER: Trade with caution.
In the weekly timeframe, the pair is still bullish, facing the same monthly situation of lacking recent structures.
In the daily timeframe though, the outlook is different, although there aren't any near trend ending structures, but there are retracement broken structures which we can use to define the trends, with which we are currently in the daily validation level.
In the lower timeframes we are bearish while confluence with the daily level we get a low risk high probability entry.
We are risking as low as 25 Pips, while targeting a potential RRR of 1:10+.
DISCLAIMER: Trade with caution.
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.
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.