I took 3 trades on this pair, 1st on the far left (break even trade), 2nd trade I got stopped out for a small loss, and finally on the 3rd trade I made a massive 150 Pips. I am still bullish on this pair however on the daily time frame a double top has formed, so I won't be surprised if price pullsback towards daily support (red) before bouncing back to its uptrend towards monthly reversal zone or surpassing this zone towards 'D extention. I am looking for a decent risk to reward ratio if this works out.
Note
Those who follow wyckoff methodology would look at the current situation as an accumulation phase. I am patiently waiting for the bullish momentum. Update below:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.