Bias to Short
Updated
Nothing much to say on the chart yet, no comment on it yet. Fundamentally, investors are looking for short for sure... but long still got the possibilities.
I'm a full technical trader, so I'm believing the probabilities of the longs are still in the game.
Currently, I'm waiting for a clear breakout and a structure to form. A clearer picture is necessary to conclude the price is going in which direction.
I'm a full technical trader, so I'm believing the probabilities of the longs are still in the game.
Currently, I'm waiting for a clear breakout and a structure to form. A clearer picture is necessary to conclude the price is going in which direction.
Note
With a day observation, I decided I stick to the bias and Short this pair. Reason:
1. 4H was desperately on the trendline challenging the channel but fail.
2. 30M 200MA was still guarding the downside.
3. reasonable fundamental was still in play & holiday session causing less trader to put the price upward.
Trade active
Short at 1.10070with TP 1.09700
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