The Bearish sentiment is over look for buys on the pair. There was clear rejection off Monthly support levels and market structure breaks on 2 occassion and a failed attempt to break below consolidation with rejection. I was long prior to the bounce off consolitdation at Entry: 1.4820 with a T:1.5229 based on pure price action. I will also add to the position if price pulls back to the 1.4875 level
Good luck and good trading.
Good luck and good trading.
Kommentar:
As mentioned price has pulled back into 1.4875 level at or near London Close good reversal based on time and price theory. Added to position 1.4875 with a 45 pip stop.