Hello fellow traders,
I am just zooming out quite a lot. As you can see we are testing the zone which acted as resistance for few times in the past.
I think if you guys go on a lower time frames you might find the entry point for the right direction.
Making through this zone that the pair is right now, i will trade it to the upside all the way to the next resistance at approx 1.23800. Since i swing trade it makes sense to wait few weeks for it if needed.
Obviously if this zone holds, in perspective we have big likelihood of testing the previous lows at around 1.05300.
For me this is great when we are at important levels of structure since the break to any side usually gives great profit potentials.
I hope you find this idea useful
Really appreciate every like, comment and follow.
Thank you very much
I am just zooming out quite a lot. As you can see we are testing the zone which acted as resistance for few times in the past.
I think if you guys go on a lower time frames you might find the entry point for the right direction.
Making through this zone that the pair is right now, i will trade it to the upside all the way to the next resistance at approx 1.23800. Since i swing trade it makes sense to wait few weeks for it if needed.
Obviously if this zone holds, in perspective we have big likelihood of testing the previous lows at around 1.05300.
For me this is great when we are at important levels of structure since the break to any side usually gives great profit potentials.
I hope you find this idea useful
Really appreciate every like, comment and follow.
Thank you very much