Technically this pair is currently looking bearish, I have plotted two scenarios there, we have a bearish flag(ascending channel) within a major ascending channel(bear flag). basically we have a bear flag within a bear flag. so im looking to short at the upper trendline or on the defines resistance level
Trade active
Massive pips reached here, still holding for more downtrend momentumTrade closed: target reached
Over 400pips gained, position closedNote
target reached
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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.