Hi Traders This pair broke the Trend line and goes all the way up to an important zone that can be good res zone and push the price lower. there are 2 reasons for short this pair : 1.reaction of the major zone. 2.going back to retest the trend line.
and also there are 2 scenarios for going bullish : 1.if the price break the zone after retest we can buy if there was an reversal pattern. 2.and also there is a possible inverse head and shoulder that should be considered.
Not
A big bullish candle broke the res zone now we should wait for a retest for confirmation.
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