Pair has signs of short term reversal. If price breaks the current minor support we can see more downside towards the support zone of the horizontal support & lower ascending trend line.
Price could potentially face more downwards pressure so it is important to wait for clear reversal pattern before going long.
Short opportunity when both the support zone is broken and gets a retest.
Price could potentially face more downwards pressure so it is important to wait for clear reversal pattern before going long.
Short opportunity when both the support zone is broken and gets a retest.
Note
Short take profit target metTrade closed: target reached
ascending breakout short position closed. TP met at support zone 70.0
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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.