Watching for Pullback to Short
Price in this pair has now formed a series of lower highs and also broken through an important daily chart support level.
The best play in this pair looks to be watching for any sharp retracements higher and looking to short with the new momentum lower.
As the daily chart shows, the support level that price has just broken out of looks a key level.
If price can move back to somewhere near that level it could hold as a new price flip resistance and an area to hunt for short trades.
Thanks for your like and support...
The best play in this pair looks to be watching for any sharp retracements higher and looking to short with the new momentum lower.
As the daily chart shows, the support level that price has just broken out of looks a key level.
If price can move back to somewhere near that level it could hold as a new price flip resistance and an area to hunt for short trades.
Thanks for your like and support...
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Related publications
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.