Price has been moving bullish for serval day. The bullish move seems have reached its peak and the price action shows a potential exhaustion. We have spotted 3 potential confluence which are inline with our idea of shorting the pair. The risk reward of this trade is around 3.9:1.
Note
Trade has reached half way mark and we still holding.
Note
Trade has reached the 60% reached and currently stands at 2:1 RR. We will be monitoring price movements closely and decide when to close.
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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.