We are waiting for price to pullback to the .8890 level to see how price will react to the bullish trendline and 200MA on the 30min timeframe.
Trade Scenario 1: Bullish - If we see strong bullish pressure/engulfing/variations at .8890 we will look to enter long.
Trade Scenario 2: Bearish - For us to look short we need to see price break through the supporting trendline and the 200MA. We will then look for a clear LH to form below .8890.
Trade Scenario 1: Bullish - If we see strong bullish pressure/engulfing/variations at .8890 we will look to enter long.
Trade Scenario 2: Bearish - For us to look short we need to see price break through the supporting trendline and the 200MA. We will then look for a clear LH to form below .8890.