I believe that we will see some lower prices in the pair in the upcoming days. As I am writing this, we are at the opening of the canadian market and we just had a huge bearish engulfing pattern on a lower time frame after a very painful run up after last week's fall. I'm taking a light position short and will add as we break new supports.
Note
We just did a healthy retracement with high volatility, broke the opening range of the london session and are heading to the daily pivot. I will add to my position on a candle close on 5 minute time frame below the pivot at 1.2829.
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.