I'm watching this special pair, called "The Beast" for a couple of days. The idea is to enter into a long trade, after the price has retraced to former structure. Since the price is rallying the trade would be a trend continuation trade. Although it seems to be hard to find a valid SL level it offers a pretty good RRR. Happy to read what you guys think.
I'm watching this trade, glad to have same ideas with you. Looking for nice Risk Reward with this.
Sailosi
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Good work. I agree on catching the Beast at the bottom of the present drop though it has been taking its time consolidating and retracing. In fact that I'm in a sell at the moment to end at 147. A classic case of buy low sell high is on our horizon and like you I'm following this pair with much interest.