Here's my updated outlook on this pair for the week. If price decides to turn around & head up, then I will be looking for price to target as near to the purple line as possible before taking a short trade. I am bias short for this pair so will only trade the momentum down. Saying that, if I see strong momentum candles upwards & a change in structure, then I will be looking for setups for long trades. The market is always changing so always have a plan B.
I will update if I see any changes but for now, look for momentum down after a break of trend lines. Good luck :)
I will update if I see any changes but for now, look for momentum down after a break of trend lines. Good luck :)