After breaking down from a multi-month range, this pair has pulled back to test the breakout point.
This could be a good opportunity to take a low-risk short trade, as the next support level is still quite far away, and the price action looks weak overall.
If you are more cautious, you can wait to see if price pulls back further to touch the downtrend line before shorting.
This could be a good opportunity to take a low-risk short trade, as the next support level is still quite far away, and the price action looks weak overall.
If you are more cautious, you can wait to see if price pulls back further to touch the downtrend line before shorting.
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Related publications
Disclaimer
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Related publications
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.