We've already grabbed some nice profit from this pair from this textbook bullish run but steam has run out a little bit here as we've started to move sideways. I am watching for a drop to kijun sen and a good support candle to hold to look for a long entry. If we get that, I will enter a buy and get long, targeting our previous high from the end of last week. Alternatively we could also watch for a breakout above this consolidation zone we've been stuck in for a couple days now. If we fail to hold support or break higher this setup will become invalidated.
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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.