On 4hrs: We see the pair breaking a key trend upward and is currently trading above it without making proper correction.
30mins: the pair started to trade below the uptrend.
Looking at market sentiment today, we see substantial short positions compared to long positions (29 to 71 % ratio). Thus we feel bearish on this pair short term and aiming to catch a decent correction, at least to the key resistance line ( Which happens to be a key retracement Fibo level too) before continuing up or pushing further down.
30mins: the pair started to trade below the uptrend.
Looking at market sentiment today, we see substantial short positions compared to long positions (29 to 71 % ratio). Thus we feel bearish on this pair short term and aiming to catch a decent correction, at least to the key resistance line ( Which happens to be a key retracement Fibo level too) before continuing up or pushing further down.
Order cancelled
We canceled this on our channel last week as a keep resistance on 4hrs frame was broken.
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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.