Hi,
This pair will be on the watching list for the next week. I will be looking to short this if I get a test around 148.00.
The entries will be based on a smaller time frames since I don't usually use that big stop losses but I see a huge sell coming in here with targets around the weekly lows.
- Price at weekly resistance
- Daily buyers fading
Possible scenarios of this trade:
- Retest 148.00 and hold below it before the drop
- Slow retest of the highs and then drop.
This pair will be on the watching list for the next week. I will be looking to short this if I get a test around 148.00.
The entries will be based on a smaller time frames since I don't usually use that big stop losses but I see a huge sell coming in here with targets around the weekly lows.
- Price at weekly resistance
- Daily buyers fading
Possible scenarios of this trade:
- Retest 148.00 and hold below it before the drop
- Slow retest of the highs and then drop.
Note
The price is now testing the highs. I am still standing buy.The buying momentum looks too strong so far. I will wait to see if it reflects the recent breach starting point around 150.00.
Note
I am in.
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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.