The pair printed a big hammer yesterday, breaking support and recovering to close above it. If the 108.25 area support holds we can open long trades with the possibility of reaching the 110.10 area.
I will be looking to open long trades if there is a break of structure (marked by a black line on the below 4H chart). 4H is supported by both the 50 and 200 MA and a break above will put us very close to cross the daily 50MA at 108.79 at the moment.
I will be looking to open long trades if there is a break of structure (marked by a black line on the below 4H chart). 4H is supported by both the 50 and 200 MA and a break above will put us very close to cross the daily 50MA at 108.79 at the moment.
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I never got an entry and the trade was cancelled on that bearish move