I believe that this pair will continue in the channel as it is constantly making higher highs. On the daily, we closed at the 0.816 GOLDEN fib zone, which has also provided backtested support. We are also at a strong resistance zone on the 4 hour. I also noticed a potential cup and handle which means price should look to move to the upside and create a new trend high.
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
Please comment, like and follow so I can continue to provide helpful content.
HAPPY TRADING
-MATT
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
Please comment, like and follow so I can continue to provide helpful content.
HAPPY TRADING
-MATT