Short with tight hedge stop-buy.
The pair is sitting on a support/resistance line so better setting up a tight hedge with a stop-buy in case. Price action closed well below the Bollinger middle band on Friday with a bearish engulfing candlestick. The bearish divergence with RSI is adding to the downside view. If that materializes I plan to add another position when crossing below next Fibo under under 68.
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.