Hey Guys!
So this pair is approaching an important support price level @ 1.38327. While I would normally an approach of a price level as an occasion to look for a price reversal, in this case I am looking for a break in structure. On the 23rd, we saw a bearish inside candle, and on the 24th, we saw a STRONG bearish Pin-bar.
Because of the confluence of these two candles, combined with the upcoming price testing, I'm looking for a short. Once I see a confirmed breakout candle, probably with a close around 1.37948, I'll be going short.
Trade Well.
-AW
So this pair is approaching an important support price level @ 1.38327. While I would normally an approach of a price level as an occasion to look for a price reversal, in this case I am looking for a break in structure. On the 23rd, we saw a bearish inside candle, and on the 24th, we saw a STRONG bearish Pin-bar.
Because of the confluence of these two candles, combined with the upcoming price testing, I'm looking for a short. Once I see a confirmed breakout candle, probably with a close around 1.37948, I'll be going short.
Trade Well.
-AW
