On the larger scale we are still in a corrective structure. A Head and shoulders formation was completed last week and we have had a break and re test of the neckline. This allows us to take a short position before the price is going to eventually look to go higher. Keep Risk Management tight on this one
Trade active
Trade closed manually
Pulled out with small loss..can see this pair going higher this week
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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.