01.02.2021

WEEKLY CHART – The risk here is being early and being forced to “trade” the pair. That could be frustrating. We will look at other time-frames and see if there is any short-term entry zones.

DAILY – There is a double bottom formation. There has also been a trend lower, but that chart looks like a bottom is being carved.

2-HOUR CHART – We will focus on the shaded area and look at possible entry points.

30-MINUTE – We want to see price action to determine if this recent move off the lows will become a trend higher.

We could BUY a small amount (1 Unit) at the figure (0.8400) risking the lows (0.8365). There is good risk reward as it is close to the recent bottom.