Price has formed a reversal chart pattern on the 1H Time frame and also before forming the reversal pattern if you should closely price also formed an inverse head and shoulders pattern which indicates that buyers are stepping into the market . So im bullish on this pair but i will wait for a srtong bullish confirmation candle before going for a buy.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.