I am seeing a pullback can be possible. As price is rising, there were volumes supporting the up move but when price is coming down, there wasn't much volume to support. Price is now at a very supportive level and I will be looking for a long when candle closes with a Pin bar. Need to watch out swing level at 0.7133 where price can possibly swing there to take out any stop loss or Sell stops before retracing.
Note
Not looking to enter at the moment. The candle yesterday is not convincing enough for me to take a long trade. Rather, I am changing my opinion, since price have broken off the trench down south, I will be looking to short should price retraces back,Note
Will look at how the candle ends today.Note
Nice bearish momentum. I will now change view and only trade if price retraces to the trench level.
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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.