Hi Traders,
📊 Price Action Analysis:
Price on the weekly chart has been bouncing off the 140.0 level multiple times, forming lower highs — a classic sign of seller strength.
We’re closely monitoring the daily chart to see when buyers lose momentum and the sell trend resumes.
⚠️ While there’s still potential for short-term buys on the daily, caution is advised — the overall structure leans bearish.
Good luck and trade smart!
📊 Price Action Analysis:
Price on the weekly chart has been bouncing off the 140.0 level multiple times, forming lower highs — a classic sign of seller strength.
We’re closely monitoring the daily chart to see when buyers lose momentum and the sell trend resumes.
⚠️ While there’s still potential for short-term buys on the daily, caution is advised — the overall structure leans bearish.
Good luck and trade smart!
Trade active
Short Term BuyNote
I am going with the buyers on this one. Will review it when it approaches/makes another high on the daily.Good luck :)
Trade closed: stop reached
Lesson, the price did not move like there was panic in the market to buy.
if price doe not behave as desired, manually get out :)
Note
see the new publishment of this pair for updated analysis as this trade is closed
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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.
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.