Similar to USD/CAD
, this pair is ranging in the cloud right now and sitting at a strong support/resistance
level. I am looking for that level to be broken to enter in a sell. We just got a future kumo twist to a bearish
cloud. We may see one more attempt to rise before we get a breakout. As long as bearish
signs hold I will enter, if they start to get mixed or the kumo twist goes back to bullish
it will invalidate the trade, and I will not enter.