Hi there traders!! We have an inverse Head & Shoulder pattern in this pair, it would nicely end the long bullish retracement, at least hitting the earlier highs (marked with purpelish beam)! From this pattern it is very possible to obtain a nice Risk & Reward ratio!! It is easier to get in on a retracement then take a huge risk for nothing.
I wish a good trading week for all!! Best of luck!
Trade Safely,
-ST
I wish a good trading week for all!! Best of luck!
Trade Safely,
-ST