Anyone who has been trading this pair knows the patience required. Its been moving lower over time and I think, that it may move to a new lower high.
This pair likes to play this rollercoaster ride thing. The history of the pairs price action before it broke to these higher price ranges has been kind of the same.
The last time it broke to these highs, it didn't last this long.
Needless to say its been interesting.
Just keep grabbing pips on the down side.
Don't recommend riding the pair up at this stage in the game. In my opinion it seems risky.
This pair likes to play this rollercoaster ride thing. The history of the pairs price action before it broke to these higher price ranges has been kind of the same.
The last time it broke to these highs, it didn't last this long.
Needless to say its been interesting.
Just keep grabbing pips on the down side.
Don't recommend riding the pair up at this stage in the game. In my opinion it seems risky.