We are at a decent support zone for now. Will it retrace to upper channel and come back down again?
Going long now on USD is a very rewarding but yet very risky trade, as long the R/R is there I think this trade is still do-able. If USD rebound and drop again, this can be a very nice pair to milk some pips out of it for months to come as we can trade within channel, trading within channel can be very profitable from my past experience. i.e in 2018-2019, EURUSD formed a downtrend channel and trading within the channel back then had made me quite some pips within 3months time frame. But my suggestion is to wait for a chance to short on this pair, for the best R/R.
Going long now on USD is a very rewarding but yet very risky trade, as long the R/R is there I think this trade is still do-able. If USD rebound and drop again, this can be a very nice pair to milk some pips out of it for months to come as we can trade within channel, trading within channel can be very profitable from my past experience. i.e in 2018-2019, EURUSD formed a downtrend channel and trading within the channel back then had made me quite some pips within 3months time frame. But my suggestion is to wait for a chance to short on this pair, for the best R/R.
Nota
Refer to my previous post on this pair.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.