This pair is on a strong downtrend, and based on our previous post, we have been waiting for a good pullback to short this counter.
Now that price has pulled back slightly and is near the 20-EMA which should provide some resistance, and is exhibiting price weakness, we can consider initiating a short position.
Reward/risk is good as well, since a small stoploss is good enough due to low volatility.
Cheers
Spencer
Now that price has pulled back slightly and is near the 20-EMA which should provide some resistance, and is exhibiting price weakness, we can consider initiating a short position.
Reward/risk is good as well, since a small stoploss is good enough due to low volatility.
Cheers
Spencer
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
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.