- Major structure change is underway on this pair as price is bottoming out.
- Current level is very minor, but significant as price is looking to push higher.
- The previous breakout failure indicates that selling pressure remains rather weak.
[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
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Price taking off on the daily time frame. Next target plotted.
