I have taken a short trade on this pair. Lower swing high on weekly TF. this morning we saw price take out prior days highs before pulling back down giving a strong bearish candle on H2 and potential 3 pin formation on h4. this is also a 78.6 pb for Lower swing high on daily. will be looking to trade this pair down to fib d extension which also aligns with daily support. Conservative traders can wait for CTL break an MA cross on h4
Note
closed trade on failure to break CTL and reversal signal at BE
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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.