The channel looks like broken and we are probably back testing the broken support, however since that happened in Friday, i can't rely on that very much. I am willing to take short as i see bearish crossover, now waiting to see if price retest 26 ma again and go back up at 1.090xx area and demonstrate weakness. That would be my area of interest to catch short aiming 1.07xxx at-least
If the daily closes above 1.09xxx , i would rather attempt to find a buy set up, the closing candle is the key to flip bias
If the daily closes above 1.09xxx , i would rather attempt to find a buy set up, the closing candle is the key to flip bias
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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.