Traders,
Here's our analysis across different timeframes:
Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory.
4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is breached.
15-Minute Chart: Look to short the pair for intraday trading opportunities, with a clear entry point at the cluster of pivot points, a reversal point and previous week high.
Be caution and remain adaptable to changing market dynamics.
Best regards,
Here's our analysis across different timeframes:
Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory.
4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is breached.
15-Minute Chart: Look to short the pair for intraday trading opportunities, with a clear entry point at the cluster of pivot points, a reversal point and previous week high.
Be caution and remain adaptable to changing market dynamics.
Best regards,
Note
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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.