Before I state why this long trade, if you agree with the trade idea, like it. If you think otherwise, let me know in the comments why...
Now, I have been monitoring this pair for a long trade because the weekly and daily are bullish in structure and price has cleared two demand order blocks. The most recent sweep of the daily demand order block has caused price to change market structure i.e. market is now bullish. As you can see in my chart analysis, I have marked the liquidity pool which price is meant to take out before making its move upwards.
I will attached the link to my previous analysis of this pair for educational purposes.
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.
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.