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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.