The weekly presents us with a reverse head and shoulders looking formation. This usually signals a change of trend in this case from bearish to bullish.With that as a base i am looking for any potential longs for this pair. The daily has a conflicting structure because price is under the kijun. This means i will only enter when the daily is aligned with my bullish weekly structure. This will happen when price clears that grey zone which includes the daily kijun as well. So il put a buy stop order just above that zone and wait for a breakout of price to get in me in the trade.
Buy stop order: 1.8256
Stop Loss : 1.8164
Take Profit : 1.8492
R : 2.56
RISK MANAGEMENT CRITICAL!
Buy stop order: 1.8256
Stop Loss : 1.8164
Take Profit : 1.8492
R : 2.56
RISK MANAGEMENT CRITICAL!