The Pair has given a breakout of falling trendline on a 30 min time frame. After witnessing the breakout the pair is not able to sustain above the falling trendline.

If the pair is ablet to sustain above the breakout high a long position can be made in the pair, and if the pair is not able to sustain above the breakout level and closes below the breakout level a short position can be made in the pair.

Currently the pair is trading near the EMA, for going long in the pair has to trade above the EMA and for going short the pair has to trade below the EMA.

Advice : Wait for the pair to close above the high for entry long and for short the pair has to close below the breakout level.

Falling Trendline

Jul 07 2023