I am looking at this pair and expecting for it to go in a downtrend since it has respected my zone and never broke above it. So all I am waiting for now is for it to break past my 61.8 level, before I enter in for a sell, that way I know that the market structure is for a downtrend.
If it ends up going in the opposite direction, my entry will be at my zone, and I will be looking at this pair to be going on an uptrend.
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.