I'm bearish on this pair short term, as we can see multiple rejection wicks on higher time frames, it has broken a previous resitance, but this sideways consolidation is making me believe their may be a push down before a final push-up these ideas are purely hypothetical, and I may or may not take these trades, I am also not a professional, but use this as my trading journal :)
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I don't believe my trade will tap in here, as I see the 50% rejection and a rejection on a previous sideways range area.
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Update this sideways range has continued, which is showing a lot of orders in this area, I believe it may mitigate where my initial chart above said it will. Just waiting for price to tap in :)
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Trade came up, Trade entered to the tee :)
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Beautiful :)
Trade ist aktiv:
In profits :)