I have taken a short trade on this pair. Lower swing high on weekly TF. this morning we saw price take out prior days highs before pulling back down giving a strong bearish candle on H2 and potential 3 pin formation on h4. this is also a 78.6 pb for Lower swing high on daily. will be looking to trade this pair down to fib d extension which also aligns with daily support. Conservative traders can wait for CTL break an MA cross on h4
Commento:
closed trade on failure to break CTL and reversal signal at BE