Nothing is 100% in trading but in my opinion, this pair could be turning bullish.
A break above 1.3980 and then above 1.4030 will provide a level of certainty to this view and conservative traders can wait for such "confirmation".
I am a bit more aggressive and would like to go long if we get a pullback to the upward sloping trend line. In that case the stop can be placed below 1.3930. This will provide a tight stop while increasing the R/R potential considerably.
However, if we get a H4 close below 1.3930, that will negate my analysis.
If you like my analysis please give it a "thumbs up" and "follow me" to get instant notifications of my posts and updates.
As always, please use sound money and risk management in all your trades.
A break above 1.3980 and then above 1.4030 will provide a level of certainty to this view and conservative traders can wait for such "confirmation".
I am a bit more aggressive and would like to go long if we get a pullback to the upward sloping trend line. In that case the stop can be placed below 1.3930. This will provide a tight stop while increasing the R/R potential considerably.
However, if we get a H4 close below 1.3930, that will negate my analysis.
If you like my analysis please give it a "thumbs up" and "follow me" to get instant notifications of my posts and updates.
As always, please use sound money and risk management in all your trades.
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.