We've been trading this pair for a long time and a great setup has formed for a long term bullish move. Enter now for more risk or wait for a bullish impulse followed by a trend continuation pattern to the upside. FYI, the big gains come from identifying these long term setups and trading them in the long term. However, many short term setups present themselves that you should be trading, and you can use different leverage on the lower timeframes. Watch for continuation & reversal patters close to trendlines.
As always, this does not constitute financial advice and is only my opinion. Trade your own plan.
Green trades
As always, this does not constitute financial advice and is only my opinion. Trade your own plan.
Green trades
Comment:
Strong impulsive move to the upside signals the bullish bias. Looking for a good entry on lower time frames or wait for a clear trend continuation pattern before entering.