Hello fellas. This pair is currently on its way out of the five month long consolidation period. Long term bias is bearish. The only thing I will wait for now is a break and close below the support line, followed by a pullback in case its a fake breakout. If it still holds i will short this pair.
I'm expecting a big drop if it breaks, lets start the waiting game!
- Long term bearish bias
- Below 200 SMA on higher time frames
- Breakout from consolidation often gives a massive drop.
Cheers!
I'm expecting a big drop if it breaks, lets start the waiting game!
- Long term bearish bias
- Below 200 SMA on higher time frames
- Breakout from consolidation often gives a massive drop.
Cheers!
Note
Shorts gets added tonight
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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.