Good afternoon traders, I am currently looking to enter this pair on Monday or Tuesday if I have the right confirmations. So far this is what we know: 1.The price on the 8H chart is currently at a strong resistance area/supply zone. 2.Price has formed a bearish engulfing pattern. 3. Friday candlestick was a doji candle.
Do not rush to enter the trade and make sure to carry out your own analysis first and use proper risk management.
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.