Greetings Forexia Crew, lets break down the analysis. The price projection for this pair yesterday gave 30pips and bounced off the support and hit the stop loss in break even. However, the pair has bounce of the obvious support zone where retail goes to buy. Therefore, i believe shorting this pair can be one of the good setups of the day. I am waiting this scenario below.
Please use proper money management and lot sizes!
Trade update: From my entry point the pair moved 80 pips into the favor of trade, but i closed at 60 pips.