This is what i am currently looking at for this pair set up wise. After a huge bullish impulse breaking out of the descending channel price had created you can see that price then created a double top formation as it rejects a much weaker resistance level, I would not class this as a key level therefore the previous impulse move is strong enough to continue to the upside. Price has also broken through a previous resistance level and come back to make a second clear retest of that zone this is just more conformation to take this long, if price continues to reject this and create higher highs away from this zone on a lower timeframe (5, 15m) then i will look to enter.
This is just my own outlook on the market, everything i post here is never set stone!
Thanks and trade safe!
This is just my own outlook on the market, everything i post here is never set stone!
Thanks and trade safe!