Recently this pair has gained a lot.
And even if it's tamping to go short so my advice is to wait with that. Looking on monthly basis we see a strong bullmarket.
To give a best shot on this I will look at 0.73000 as potential area to go short, if priceaction tells me to do so.
Scenario 1) Price halts a bit at resistance and than goes up, bulls are i a charge.
Scenario 2) Price pulls back to make a dip or channel on 1H,4H timeframe, than goes up
Scenario 3) Price makes a reversal and bears takes control.
And even if it's tamping to go short so my advice is to wait with that. Looking on monthly basis we see a strong bullmarket.
To give a best shot on this I will look at 0.73000 as potential area to go short, if priceaction tells me to do so.
Scenario 1) Price halts a bit at resistance and than goes up, bulls are i a charge.
Scenario 2) Price pulls back to make a dip or channel on 1H,4H timeframe, than goes up
Scenario 3) Price makes a reversal and bears takes control.
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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.