This pair closed at a good level on the daily chart with an indication that you can take a long position in this pair if this happens...
At this position, we have to see the market reaction. If we see a daily close as a bullish candle then we will be taking a long here but we have to see if this support holds.
If it holds, then we can take long to our initial...
It is respecting the falling trendline with good risk reward trade for short term, potentially it is forming an Inverse H&S, this fall would potentially will make the head before heading to create right shoulder.
