On the shorter time frames this currency pair is in a downward trend, however zooming out to the weekly and monthly time frames price is currently in an ascending triangle pattern, and a bullish market structure. i'll be looking for a buy at the bottom of the structure and looking to hold it once price breaks out of the top and hold it to previous highs. Will be closing 75% of my position at the top of market structure and holding the remaining 25% with stop around 100 pips.
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.