Looking at the chart a correction is in much needed demand. We are coming close to a prior key resistance level and I have started to enter into a short position here on this pair. Wish you all the best and good luck with your trades!
Personally I believe risk at these levels to be low I feel to many will be selling due to fear soon to allow this to climb without correction. This could in turn be the start of a larger upwards move however in the short term bears will need to catch up.
Personally I believe risk at these levels to be low I feel to many will be selling due to fear soon to allow this to climb without correction. This could in turn be the start of a larger upwards move however in the short term bears will need to catch up.
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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.