this pair on the monthly chart is bearish looking, the monthly structure high is 9550 which should hold as resistance for the monthly bear movement to continue.
Note
4h structure broken to the upside I will either add another sell if price moves to 8812 the 0.27 fib extension and then try to profit with a possible retest of the 8755 area where I will close all my sell positions or if price moves to 8715 support I will close my sell position in profit.
Trade closed manually
As I wrote in my previous analysis price dumped after touching the 8812 fib extension level and I closed all of my short positions around 8750 in profit of 50 pips.
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.
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.