Price is moving in an upward bullish channel by forming clear Highs Price pulled back to find liquidity which confluences with the bottom trendline and demand level Waiting for a clear bullish rejection to enter
The trend is quite extended. Im going to apply strict risk management on this idea. SL to Break even after a 1:1 ratio has been attained. Executing the trade upon evidence of a reversal candlestick pattern from the demand levels.
My sentiments are currently to the upside for this pair. should price break my supply level, I will be looking to take trades to the upside. the rejection of that level will mean sellers are in control.
SEE CHART NOTES. The overall trend has been failing to make new lows and if zoomed out (to maybe, the monthly) this is clearly visible.