Analysis:
This pair is currently overbought but we might see the pair bounce of from the major support in the 0.699 zone which also has the 23.6% Fibonacci zone
The trend is your friend(currently uptrend)
it is advised to wait for a confirmation that the pair will bounce off the support ,I'm looking at the 30min and 1hr candles rejections ,once there are 3 or more rejection candles we enter with a long position with a TP at the next resistance and a SL at the next support.
Always only risk 1-2% of account capital,
percentage over pips.
This pair is currently overbought but we might see the pair bounce of from the major support in the 0.699 zone which also has the 23.6% Fibonacci zone
The trend is your friend(currently uptrend)
it is advised to wait for a confirmation that the pair will bounce off the support ,I'm looking at the 30min and 1hr candles rejections ,once there are 3 or more rejection candles we enter with a long position with a TP at the next resistance and a SL at the next support.
Always only risk 1-2% of account capital,
percentage over pips.
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