This trade aligns with the broader bearish trend, as the pair continues to exhibit rejection near key resistance levels. Technical indicators, including moving averages, support the downward momentum. The position reflects a cautious approach to capitalize on potential price weakening, consistent with current market sentiment and broader technical patterns.
Ricky Andrade also known as @RiskyRicky
(Founder of Market Masters, Inc.)
(Founder of Market Masters, Inc.)
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.
Ricky Andrade also known as @RiskyRicky
(Founder of Market Masters, Inc.)
(Founder of Market Masters, Inc.)
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.