I see two scenarios happening on this pair;
Price is going to retest here and bounce upwards continuing this giant uptrend
Price is going to come back below this zone and enter a mini trading range before either falling a bit more and then gathering more orders to continue the uptrend.
Quite clear uptrend so my bias is towards my second point, will await a discount on price before entering.
Price is going to retest here and bounce upwards continuing this giant uptrend
Price is going to come back below this zone and enter a mini trading range before either falling a bit more and then gathering more orders to continue the uptrend.
Quite clear uptrend so my bias is towards my second point, will await a discount on price before entering.