Price has created equal highs.
The dxy is starting to rise.
If more bears come in to break the uptrend structure we could see price fall further.
Here is the play that I will be taking on this pair:
Order Type - sell stop (pending order)
Entry - 1.07671
Stop loss - 1.08800 112 PIPS
Take profit - 1.03745 392 PIPS
This is a swing trade that may take a few days to play out so please be patient.
The dxy is starting to rise.
If more bears come in to break the uptrend structure we could see price fall further.
Here is the play that I will be taking on this pair:
Order Type - sell stop (pending order)
Entry - 1.07671
Stop loss - 1.08800 112 PIPS
Take profit - 1.03745 392 PIPS
This is a swing trade that may take a few days to play out so please be patient.