Sure, room to long if you are looking to trade for a brief profit. There is potential for a bullish move but it is temporary in nature. A swing trader, like myself, will sse such a move as an opportunity for a sell trade at an area of value. At any rate, no serious trader should enter a trade unless there is a feasible setup and the trading conditions meet his or her trading rules.
Trade safe.
KP
Trade safe.
KP
DislikedThere are 3 Fib levels supporting price from W/D/H4 time-frames culminating around 1.1118. I'd say long for 30/40 pips but that's just my opinion.Ignored
Do your homework, follow the footprints of smart money