The pair is out of trading at weekly chart. We need to wait possible retest of lower DMR at 104.50-106.00 to enter in long position. If it doesn't then we miss it.


Almost the same picture at daily chart in smal scale - out of trading.

Yet, in larger scale we have an additional subwave. To trade it we need to wait retest of DMR at 107.50-108.50.

While price goes there we probably have sell stop setups at H4. Look for consolidation below DMR at 109.75-110.00 to determine sale parameters.


Almost the same picture at daily chart in smal scale - out of trading.
Yet, in larger scale we have an additional subwave. To trade it we need to wait retest of DMR at 107.50-108.50.
While price goes there we probably have sell stop setups at H4. Look for consolidation below DMR at 109.75-110.00 to determine sale parameters.
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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.
Disclaimer
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.