The Pair is trading near its strong resistance. This is the level where strong selling pressure was observed previously, sellers have been aggressive at this level.

The security closing above the resistance with price trading above both the EMA and RSI would be a confirmation to enter long in the pair.

Selling is seen in the currency, at lower level buying has been strong which has retraced the pair towards the breakout level. At current level the pair closing below both the EMA and RSI would be a confirmation to sell.

Advice : Trade as per close on 30min time frame

Opportunity Ahead

Aug 29 2022