Price has just spiked up and broke through the he descending trendline after the US Fomc and data statistics. I will wait too see if price breaks back into the descending trendline to confirm a fakeout. Other added confluences to back up a short are descending trendline smack bang on the 68 fib and also a head and shoulder pattern.
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.