This pair looks like a good short opportunity as this is currently a double top formation.
If price can't break up the 0.618 fib level, a short to 0.70800 - 0.70600 price area is an ideal profit target.
Also if you were to take a look at the 1HR chart, the stochastic is currently moving down from the overbought area and the MACD is currently looking to cross over.
If price can't break up the 0.618 fib level, a short to 0.70800 - 0.70600 price area is an ideal profit target.
Also if you were to take a look at the 1HR chart, the stochastic is currently moving down from the overbought area and the MACD is currently looking to cross over.
Order cancelled
Price seems to be forming an ascending triangleNote
This would have been a nice short if we've caught the fake out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.