This is a very slow and the least liquid pair, as far as I observe
Anyway, I believe, it provides a superior risk to return for a long-term buy ! even right now (stop 350 pips tp around 1,25 (although - I will be very old at that time :))
Everything is on the chart, and fans of EWA should have noticed its potential quite long ago ))
Looking into smaller timeframes, it is highly likely that the pullback is not complete, and at this stage there are too many alternative paths it will follow in the continuation of the pullback. Also likely is the assumption that it will form a WXYXZ
On a lowest timeframes there are still opportunities to sell then again buy, and so on. But!! with extreme caution - because at any time it may rocket to the skies and you will not be able to exit at b/e
Have a nice trading week!
Anyway, I believe, it provides a superior risk to return for a long-term buy ! even right now (stop 350 pips tp around 1,25 (although - I will be very old at that time :))
Everything is on the chart, and fans of EWA should have noticed its potential quite long ago ))
Looking into smaller timeframes, it is highly likely that the pullback is not complete, and at this stage there are too many alternative paths it will follow in the continuation of the pullback. Also likely is the assumption that it will form a WXYXZ
On a lowest timeframes there are still opportunities to sell then again buy, and so on. But!! with extreme caution - because at any time it may rocket to the skies and you will not be able to exit at b/e
Have a nice trading week!