In last week's trade ideas we looked at this pair and the potential for price to move into the yearly highs.
After testing these highs, price formed a daily chart bearish pin bar reversal and price moved right back into the consolidation and sideways range.
As the 4 hour chart shows; price is now hovering around the intraday support level.
The intraday charts are very sideways and whilst they stay this way trades can be hunted on both sides of the markets from the major levels.
After testing these highs, price formed a daily chart bearish pin bar reversal and price moved right back into the consolidation and sideways range.
As the 4 hour chart shows; price is now hovering around the intraday support level.
The intraday charts are very sideways and whilst they stay this way trades can be hunted on both sides of the markets from the major levels.
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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.
Related publications
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.