The pair might possibly buy
Hello traders, let's look at the possibilities why this pair might buy. It previously reached resistance and now it is approaching support level and support trendline. The market is in an uptrend, so if it gives us clear confirmation on trendline or support level, confirmation like bullish engulfing candlestick pattern, rejection or candlestick manipulation on those two level, then we'll have a good buy opportunity. But then if it breaks our trendline and support level, we are going to way for a retest on our resistance and enter after getting a bearish candlestick. It is likely possible to buy because the market is in an uptrend. I like to use H4 timeframe to enter my entries because bigger timeframes mostly show what we don't see in smaller timeframes and I enter my trades at support and resistance to minimize my losses. This is one of the setup I will be monitoring next coming week because I believe that there will be more profit made on this trade.
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