The pair has existing H-H H-L on the lower timer frame, showing signs of another cycle to the 122.70 price area. The potential setup remains valid if price stays above the 121.75 price area.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
Like/comment/follow to get notification updates on this and other ideas.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.