This previous week has been super bullish for this pair but considering the structure level price action is at we notice a major resitance and supply area confluencing with a 61.8% retracement of the main previous high and a bearish harmonic crab pattern with a potential reverse zone at its 161.8% fib level. We use the PRZ as the entry to short this pair. We anticipate bearish momentum.
Trade active
First Take profit hitTrade active
Take profit 2 hit
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.
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.