This pair has been pretty flat over the last couple weeks as the fundamentals are starting to play out.
This is a longer term swing trade setup I have on my radar.
I am still going to wait for a breakout of the zone we've been stuck in to help confirm my longer term bias.
If we can close above my entry level it should be all the confirmation we need to get a push to the upside.
I've drawn out several partial profit levels on the way to my longer term target, which is at previous price structure resistance.
If we fail to get our breakout and hold support, then this setup may become invalidated.
This is a longer term swing trade setup I have on my radar.
I am still going to wait for a breakout of the zone we've been stuck in to help confirm my longer term bias.
If we can close above my entry level it should be all the confirmation we need to get a push to the upside.
I've drawn out several partial profit levels on the way to my longer term target, which is at previous price structure resistance.
If we fail to get our breakout and hold support, then this setup may 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.