A short position is being considered on this pair based on 4 criteria.The RSI is above 70 indicating overbought conditions.Secondly,the price is at a resistance zone.Thirdly, the price is showing weakness at the upper bollinger band.Lastly we are waiting for an inverted hammer before executing the trade.
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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.