Hey guys, back again after some vacation (because trading pays off lol), here we have a really "long term" opportunity on this pair that all of us know.
We saw on the chart (on the monthly timeframe) that the trend on the market is a downtrend, so it's a well-known confirmation.
We have 2 important levels that are getting rejected on the lowers time frame, there are a support zone and the important resistance that makes us believe that the market will shoot down this month.
We can see too that the RSI is pretty high, roaming around 60-70, it's another sign that the market is highly bought and seller will come over to ride the market.
I have placed some multiples TP's to secure profits when there are some risks of reversal, you can get out when you feel it. If you see this message and you want to enter the trade wait for a small retest, so you secure your money.
The stop loss is in a secure place like always, above the precedent high.
Remember to trail your stop loss when it hits some TP's, place them above it!
Thank you, please like and follow me for more analysis!
(If you read this message and you want to enter the trade wait for a small retest, so you secure your money and not losing it.)