For this currency pair, I think the wisest thing to do is wait for a drop until it reaches its past support. It did break through the descending wedge now we have to see if it will come back and test that support. Be careful with buying in to long or short this trade I would wait for a better opportunity. Keep an eye out for it and wait for this currency pair to pull back down to its support. Once it does that should be your site of entry.
~JS
Message me if you have questions.
~JS
Message me if you have questions.
Note
New support not the past, it is where the blue arrow is.
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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.