The pair is approaching an important HTF resistance, thus setting the stage for shorts.
An impulsive downward breach of the LTF ascending trend line will give added probability for downside momentum.
Observe good risk management.
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An impulsive downward breach of the LTF ascending trend line will give added probability for downside momentum.
Observe good risk management.
Please Like and Subscribe if this was useful to you as this supports my work, thanks in advance.
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Related publications
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.