Hi Traders,
Hope you all are doing good!
This is my idea about this pair, please do your own analysis before opening a position.
Please give comments or likes if you agree on the idea or if it is helpful.
The findings:
1) on Weekly Chart, the pair has already formed a double top and now going down slowly.
2) There is exhaustion gap visible before making the double top which is likely a case of trend reversal.
3) The pair is in descending triangle.
Conclusion: Pair most likely to go on down trend except the fact that currently SHORT positions are more than LONG positions in the market and hence it may take a little correction before making a proper move downside.
Hope you all are doing good!
This is my idea about this pair, please do your own analysis before opening a position.
Please give comments or likes if you agree on the idea or if it is helpful.
The findings:
1) on Weekly Chart, the pair has already formed a double top and now going down slowly.
2) There is exhaustion gap visible before making the double top which is likely a case of trend reversal.
3) The pair is in descending triangle.
Conclusion: Pair most likely to go on down trend except the fact that currently SHORT positions are more than LONG positions in the market and hence it may take a little correction before making a proper move downside.
Trade closed: target reached
Target Reached ...Hope you guys enjoyed...Please like and follow.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.