Blue lines are the monthly key levels. the light blue are weekly key levels. the black lines are daily key levels. As you can see we are approaching a strong monthly level right now. We are also tapping off the 50 EMA. I'm looking for entries to short this pair. I will be keeping a close eye on how this candle closes today. If we close under 129 it could make for a nice confirmation to the downside. if it breaks the monthly level with good momentum, I will sit on my hands and re evaluate.
Cheers!
Cheers!
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
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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.