As we see, pair has broken the bearish trend/correction the last week. Now, the price is doing a pullback till the line of the breakout. We can project two possible movements:
First, a new impulse in low frames(30 min-1H) of 200 pips aprox.
Second, a big bullish rally of 700 pips aprox.
Before of that, we have to see a breakout of the correction to open a long position.
First, a new impulse in low frames(30 min-1H) of 200 pips aprox.
Second, a big bullish rally of 700 pips aprox.
Before of that, we have to see a breakout of the correction to open a long position.