As can be seen, the pair made a double top. If you collapse the chart further or switch to a weekly chart, you will see that this level has been respected many times in the past so I am expecting some sort of reaction at this level.
I'd wait for the price to retrace a little before entering so as to get a better risk - reward profile. Looking for a 3 to 1 RR trade.
Good luck :)
I'd wait for the price to retrace a little before entering so as to get a better risk - reward profile. Looking for a 3 to 1 RR trade.
Good luck :)