So with this pair being heavily Bullish, it has come into a channel of consolidation. Like USDJPY, The general behaviour of this pair is that it consolidate, then breaks out, then consolidates, then breaks out.
A price action has come to the bottom of the channel, there is an opportunity to get long offering excellent risk reward looking for targets at previous structure.
If price action pushes past the highest high of the channel, there is even a chance to play the breakout too.
Either way, very good risk reward.
Good Luck traders
A price action has come to the bottom of the channel, there is an opportunity to get long offering excellent risk reward looking for targets at previous structure.
If price action pushes past the highest high of the channel, there is even a chance to play the breakout too.
Either way, very good risk reward.
Good Luck traders