Price has been consolidating and has formed a pennant structure, at an area of interest. I'm personally waiting for the breakout - waiting for price to break and close outside of the pennant before entering (could even wait for a re-test of the trendline to be more cautious and minimise the trap of a false breakout).
Price has been consolidating around an area of key resistance and therefore I will favour the short trade.
Let me know where you think this pair is heading!
Price has been consolidating around an area of key resistance and therefore I will favour the short trade.
Let me know where you think this pair is heading!