Multiple confluences as to why I'm going short on this pair.
Long term Ascending trend line aligns with the retracement projection as to where price can go.
Prices have also been rejected around supply level of .87500.
I do believe we can break the ascending trend line in the near future to go even lower. Will definitely be watching this pair for further price action.
Risk/Reward: 1:1.30
Long term Ascending trend line aligns with the retracement projection as to where price can go.
Prices have also been rejected around supply level of .87500.
I do believe we can break the ascending trend line in the near future to go even lower. Will definitely be watching this pair for further price action.
Risk/Reward: 1:1.30
Note
Dont mind the weekly level support line underneath i never updated my levels on this pair
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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.