GJ short on daily timeframe
Current PA is pulling back to 161.65 area. Pattern looks like either a bearish pennant pattern or an ascending triangle.
Either way, I will look for short confirmation near this resistance level with a 1:8 risk reward ratio. Roughly 600 pips in range
Either way, I will look for short confirmation near this resistance level with a 1:8 risk reward ratio. Roughly 600 pips in range
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.