This pair has been in a downtrend for the last couple of days, but still has not created any lower structure. Looking at the chart I see 2 potential trade setups.
If price breaks through the support line we might be looking at the blue bat taking it down to 1.2150's as there is very little in between to stop it.
If price fails to break through support, it might rally to 1.2720's.
Both options are still very possible at this moment.
If price breaks through the support line we might be looking at the blue bat taking it down to 1.2150's as there is very little in between to stop it.
If price fails to break through support, it might rally to 1.2720's.
Both options are still very possible at this moment.
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► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle