9 weeks of pure bullish action with no significant pullback. Major signs on various timeframes suggesting shorts on this pair as we are getting rejection multiple times off the .500 region with buyers struggling to push towards the 9000 level. We also see price is getting compressed into a triangle formation which means we are expecting a huge breakout very soon considering also NFP is tomorrow.
50-60 pip stoploss just for any fakeouts before the real move just incase
@TradingShot, completely up to you just depends how conservative you are risk wise. i want to try and catch the whole move which is why i have entered here but this also leaves me vulnerable to the trade hitting my stoploss.
Bullandbeartrading
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Your Analysis is amazing, I'd really appreciate it if you could give us some love, too. @Zayntoorawa