The pair is trading near the supply zone. Price closing above the supply zone would lead to breakout and demand will increase which will lead to an upward movement in the pair. The price is trading above the Fast and Slow EMA which indicates an uptrend whereas the Fast EMA trending upward also indicates a trend. Rsi is trading at an overbought zone a throwback can open an entry.

The Di+ is trading above Di- which indicates an uptrend and ADx trading above Di- is indicating strength in the move.

Advice: Trade if the price closes above the Supply zone

Trade if the price closes above the Supply zone

Mar 06 2024