MARKET ANALYSIS: As we can see from the current market scenario the pair has broken a long consolidation which was lasting for the past 30 months has been broken. Now the market is moving towards the next possible supply which is accompanied by a a long term descending channel resistance.
As we can see from the 4hr chart the market is making a good higher high and higher lows. So the possibility for a trend continuation is seen clearly. The best trade setup would be to go with the market trend. Cheers!
As we can see from the 4hr chart the market is making a good higher high and higher lows. So the possibility for a trend continuation is seen clearly. The best trade setup would be to go with the market trend. Cheers!
