You can tell by the 4H candle wicks that we are refusing to breakout in the upside direction, therefore, a safe and simple short entry around this point can provide a solid RR ratio! Good luck to everyone who took or will take trade in it!
I really can't find much indication of how this pair can possibly be bullish. If we zoom out and look at long term time frames, we see that we are circulating for the first time in 2 years at our all time high for now. RSI is overbought (1D) and the candles leave out strong rejection of breakout wicks! If by some miracle how ever we do manage to see a breakout here (and by miracle I mean unexpected news that can affect this pair) then ill have my eyes on the first sub resistance at 1.025 level. Besides that, from a technical point of view thats all from me.
My targets:
T1 - 1.013
T2 - 1010
Always happy to share ideas!
I really can't find much indication of how this pair can possibly be bullish. If we zoom out and look at long term time frames, we see that we are circulating for the first time in 2 years at our all time high for now. RSI is overbought (1D) and the candles leave out strong rejection of breakout wicks! If by some miracle how ever we do manage to see a breakout here (and by miracle I mean unexpected news that can affect this pair) then ill have my eyes on the first sub resistance at 1.025 level. Besides that, from a technical point of view thats all from me.
My targets:
T1 - 1.013
T2 - 1010
Always happy to share ideas!