At important Decision Point , Wait for confirmation
Hello...
Currently price is approaching weekly descending trendline which has offered resistance to price since Nov 2017 ,
In between 0.920 - 0.925 price has been rejected multiple times ,
Since we have confluence of 2 important levels together it is suggested to wait at the sidelines and see what happens in few coming days..
If price is rejected then we are looking for multiple weeks (long term) short opportunity , if price breaks above then at retest we will have strong Uptrend ,
Anyways it works out we are looking at some good amount of pips coming out of it... Stay Tuned..
Follow us for updates on this idea.
Currently price is approaching weekly descending trendline which has offered resistance to price since Nov 2017 ,
In between 0.920 - 0.925 price has been rejected multiple times ,
Since we have confluence of 2 important levels together it is suggested to wait at the sidelines and see what happens in few coming days..
If price is rejected then we are looking for multiple weeks (long term) short opportunity , if price breaks above then at retest we will have strong Uptrend ,
Anyways it works out we are looking at some good amount of pips coming out of it... Stay Tuned..
Follow us for updates on this idea.