Should open down into the last consolidation from Thursday Friday and then trade up strongly for the rest of the week into prior high from early August which is also the 50 ema on the weekly chart. Looking at the Stochastic/RSI combo on the bottom of the chart there is still time for the pair to go up as well before we see a sell signal.
Trade closed manually
With the Brexit failure last week, this pair traded down and is accelerated to the down side. The only entries I've seen in this pair have all been dark clouds which would have been short sale entries.On a technical basis, the pair is trading bearishly vs. it's moving averages. Would be looking for short sales as a bias currently.
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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.