The chart indicates the pair moving inside a widening channel. By following the trend, we may enter into a short.
The channel however may be slightly overtraded and might open up to a new trend - thus it is important to wait for confirmation - i.e. Price action / daily close below daily resistance after test.
Lets see how this plays out.
The channel however may be slightly overtraded and might open up to a new trend - thus it is important to wait for confirmation - i.e. Price action / daily close below daily resistance after test.
Lets see how this plays out.
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.