The weekly is currently ranging.
The daily chart shows LH and LL being made, so it is on a nice downtrend.
That being said looking for a short trade would be a good idea.
Looking at the 4H chart there is a nice bullish cypher formation which is a great opportunity to move the price up in our favor to look for shorts.
You can get into the bull cypher without risk. Make sure to put a nice SL. I would be looking for shorts around 1.12222
The daily chart shows LH and LL being made, so it is on a nice downtrend.
That being said looking for a short trade would be a good idea.
Looking at the 4H chart there is a nice bullish cypher formation which is a great opportunity to move the price up in our favor to look for shorts.
You can get into the bull cypher without risk. Make sure to put a nice SL. I would be looking for shorts around 1.12222
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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.