Looking at classic trendline trading, the pair is trading between 2 strong trendline confluence areas. Looking at past movements, the pair completed both bull and bear traps. My view on this is to wait and see what will unfold in the coming weeks.
Please do your own analysis before placing any trades.
Cheers and Happy Trading !!!!
Please do your own analysis before placing any trades.
Cheers and Happy Trading !!!!
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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.
Related publications
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.