Potentially looking for the market to break out its current downwards channel to make its way to the upside towards the 1.39800 zone.
There are candles signaling signs of reversal too.
And on the 1D timeframe, it has respected ZONE 1 perfectly, all of which gives me confidence that I'll be looking for a long entry.
Obviously, the other side to this analysis, is the fact it could continue the trend downwards within the channel and continue the push towards the downside.
Either way It's a risk I am willing to take and we shall see how the market pans out.
There are candles signaling signs of reversal too.
And on the 1D timeframe, it has respected ZONE 1 perfectly, all of which gives me confidence that I'll be looking for a long entry.
Obviously, the other side to this analysis, is the fact it could continue the trend downwards within the channel and continue the push towards the downside.
Either way It's a risk I am willing to take and we shall see how the market pans out.