Price has made a nice bounce off the Demand Zone, failing to make a LL, and has currently broken a previous LH formation.
At this point I will wait for a clean re-test of the current level or see price fall back into structure.
Closure above or below the 200-day MA will determine the short-term direction of this pair.
At this point I will wait for a clean re-test of the current level or see price fall back into structure.
Closure above or below the 200-day MA will determine the short-term direction of 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.