After recent rally's above the 129.500 area the pair seems to be stalling at today's R1 daily pivot point/trend line.
The pair is overbought and a sell off is starting to emerge. Time to start selling? I sold the pair at 129.800.
The pair is overbought and a sell off is starting to emerge. Time to start selling? I sold the pair at 129.800.
Note
The pair is still stalling at R1 and at the trend line area, keep an eye for a strong sell off signal. Short still in vision. First take profit level at 129.300 second take profit level at 128.300 Trade safe!
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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.