I have grown to really like this pair and have done well with it, thus far.
We see that it has tested some main support about SEVEN times. If it pressures it any more, I see it breaking and the pair falling for a while....
BUT....because it moves in waves, there is a good chance this is gonna get another nice bull run. When it comes back to test this 38.2 support, there is high chance of it going on a bear run.
In the short time frame of the coming market open, I am gonna wait and see the direction. While it appears bearish, it'll probable fill the daily wick.
thoughts encouraged
We see that it has tested some main support about SEVEN times. If it pressures it any more, I see it breaking and the pair falling for a while....
BUT....because it moves in waves, there is a good chance this is gonna get another nice bull run. When it comes back to test this 38.2 support, there is high chance of it going on a bear run.
In the short time frame of the coming market open, I am gonna wait and see the direction. While it appears bearish, it'll probable fill the daily wick.
thoughts encouraged
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