A strong breakout to the upside and follow by bullish flag pattern potentially will take the price to the next major supply area. be cautious with this pair as both are commodity currencies it might give a false sign. to be safe lets wait until there is a breakout to the upside on the bullish flag pattern before placing long trade.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
LamchiuFX
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
LamchiuFX