on the hourly chart price is in an uptrend , creating higher highs and higher lows. Long-term I have a bearish bias on the currency pair but that does not mean i cannot capitalize on the bullish run.
Price gave me a retest on my bullish trendline and broke bearish channel indicating that bullish momentum is in control. i have executed long positions with a nice 1:2 risk : reward ratio with targets at swing high @ 1.36436 which price has been struggling to reach where above the high there is resting market liquidity which may be the driving force for my long term bearish move.
“Don’t wait for the right opportunity: create it.”
George Bernard Shaw
Price gave me a retest on my bullish trendline and broke bearish channel indicating that bullish momentum is in control. i have executed long positions with a nice 1:2 risk : reward ratio with targets at swing high @ 1.36436 which price has been struggling to reach where above the high there is resting market liquidity which may be the driving force for my long term bearish move.
“Don’t wait for the right opportunity: create it.”
George Bernard Shaw
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